Sanctions

US Arrests Russian Man for Illicit Microelectronics Exports

23/09/2024

Several Hong Kong companies were used to purchase microelectronics from US distributors and export them to Russia.

Sanctions

Lebanese Man Pleads Guilty to Sanctions Evasion Conspiracy

23/09/2024

The man, designated as a specially designated global terrorist in May 2018, pleaded guilty to a conspiracy charge and agreed to forfeit $830,000.

Enforcement

JSDA Fines MUFG Units for Sharing Client Information

23/09/2024

Mitsubishi UFJ Bank and two affiliated securities firms were fined for sharing non-public information without permission.

Enforcement

Morgan Stanley Under Scrutiny in Korea for Stock Sale

23/09/2024

Morgan Stanley’s Seoul branch reportedly sold 1m SK Hynix shares two days before releasing research on the company.

Securities / Derivatives

HKEX Establishes Task Force to Develop New Funds Platform

23/09/2024

The task force comprises representatives from AllianceBernstein, Amundi, ASIFMA, Blackrock, HKIFA, Invesco and other firms.

Sanctions

EU Plans €35b Loan for Ukraine, Backed by Russian Assets

23/09/2024

The EU was initially planning to contribute about €18bn out of the total €45bn the G7 was planning to raise for Ukraine.

Securities / Derivatives

Thai SEC Issues Market Entry Guidelines for Foreign Firms

23/09/2024

The SEC said it will fast-track the licence approval process to better facilitate the entry of qualified foreign businesses into the Thai market.

Sanctions

Russia Considers Raising ‘Exit Tax’ for Foreign Firms – Report

23/09/2024

Russian authorities are reportedly considering raising the exit tax from the current 15 percent to as high as 40 percent.

ESG / Sustainability

CFTC Finalises Guidance for Listing Carbon Credit Derivatives

23/09/2024

The CFTC said the guidance will help to promote standardisation of VCC derivative products in a manner that “promotes transparency and liquidity”.