Fintech / Regtech

ANZ Partners With Microsoft to Launch “AI Immersion Centre”

15/08/2024

ANZ plans to send 3,000 leaders through the facility over the next year to upskill them on GenAI and enable them to better support “adoption at scale”.

Enforcement

FSS Korea Launches Investigation Into Top Four ETF Issuers

15/08/2024

The investigation will focus on whether ETFs were supported by group affiliates and whether unfair arrangements were in place with liquidity providers.

Crypto / Digital Assets

Eurex Expands Crypto Derivatives Suite to Include Ethereum

15/08/2024

Eurex has launched Ethereum futures and options, adding to its crypto derivatives portfolio which has so far only covered Bitcoin.

Crypto / Digital Assets

Three Arrows Capital Sues Terraform Labs for Crypto Losses

14/08/2024

Liquidators for the failed crypto hedge fund say TerraForm Labs induced Three Arrows to purchase TerraUSD and Luna through market manipulation.

Capital / Liquidity

Bank of Laos to Establish Centralised Foreign Exchange Market

14/08/2024

The central bank signed an MoU with 15 banks to establish the new platform, which will help the country move away from informal currency exchange channels.

Sanctions

US to Remove Chinese Laser Sensor Maker from Blacklist

14/08/2024

The Department of Defence has reportedly decided to remove Hesai Technology Co Ltd from its blacklist of Chinese military-affiliated companies.

Sanctions

USD, EUR Banknotes Being Shipped to Russia Despite Sanctions – Report

14/08/2024

Russia has managed to circumvent sanctions blocking cash imports by arranging transport from countries including the UAE and Turkey.

AML / KYC

Bulgarian Man Extradited to US Over Illegal Exports to Russia

14/08/2024

Milan Dimitrov conspired with two others to use a Bulgarian company to receive export-controlled items from the US and transship them to Russia.

Enforcement

Beijing Prosecutors Charge 49 Former Zhongzhi Employees

13/08/2024

The wealth management firm filed for bankruptcy liquidation in January after declaring it was insolvent with up to $64bn in liabilities.