Enforcement

US Man Arrested Over Attempts to Export Aircraft Components to Iran

17/08/2024

Jeffrey Chance Nader falsely identified himself to suppliers as the end user of the components, which he attempted to export to the UAE for transshipment to Iran.

Capital / Liquidity

Thailand to Establish New National Credit Guarantee Agency

17/08/2024

The new agency will assess the credit risk of individual businesses and issue guarantee certificates which can be used to apply for loans from FIs.

OJK, HKMA Sign MOU to Expand Cooperation in Banking Supervision

16/08/2024

Indonesia’s OJK said it hopes to establish a supervisory college with the HKMA and enhance staff capacities at both regulators.

Fintech / Regtech

Vietnam: HoSE Launches New Reporting System for Listed Companies

16/08/2024

HoSE emphasised the importance of ensuring submissions are accurate, comprehensive, and comply with reporting specifications.

Sanctions

OFAC Unveils Fresh Sanctions Against Iranian Shipping Network

16/08/2024

The sanctions target companies based in the Marshall Islands, the UAE, Malaysia and Hong Kong, along with several vessels, for helping to generate revenue for the Houthis.

Securities / Derivatives

Shenzhen, Dubai Sign MOU on Capital Markets Cooperation

16/08/2024

Under the MOU, SZSE and DFM will explore the potential for future dual listings and ETF connectivity between the two markets.

AML / KYC

Macau to Criminalise Unauthorised Money Exchange in Casinos

15/08/2024

Those offering unauthorised currency exchange services to gamblers inside casinos and their ancillary facilities would face up to five years in prison.

AML / KYC

AFCA Calls on Super Funds to Adopt Anti-Scam Measures

15/08/2024

AFCA’s Heather Gray said more sophisticated scam activity is occurring in superannuation, in line with trends in the banking sector.

Crypto / Digital Assets

US IRS Publishes Updated Tax Reporting Form for Crypto

15/08/2024

The updated Form 1099-DA, which will start to apply in early 2026, is more streamlined than the version proposed in April.