PEPs & Sanctions

ING, Goldman Advance Efforts to Sell Russian Subsidiaries

01/02/2025

ING expects to complete the sale of its operations in Russia in Q3. The sale of Goldman’s Russia unit received presidential approval.

Conduct, Culture & Accountability

HKMA Will Monitor Banks’ Asset Management Activities

31/01/2025

HKMA called attention to an SFC circular which described the misconduct of asset managers as “egregious” and lacking in integrity

Fraud, Scams & Cybercrime

Hong Kong Court Order “Successfully Executed” on Tron Blockchain

31/01/2025

The use of tokenised legal notices opens up an avenue to recover lost funds even when the identity of those controlling crypto wallets are unknown

Fraud, Scams & Cybercrime

Korea Investigates Financial Planners for Alleged Ponzi Fraud

31/01/2025

PS Financial Services and Mirae Asset Financial Services are undergoing on-site inspection as part of the investigation

PEPs & Sanctions

Australia Issues New Guidance on Sanctions Compliance

30/01/2025

The ASO also released a Sanctions Compliance Toolkit and a Sanctions Risk Assessment Tool to facilitate compliance with Australian sanctions laws

Fraud, Scams & Cybercrime

Five Indicted in DPRK Remote IT Worker Fraud Case

30/01/2025

The indictment targets five individuals including two US nationals who operated “laptop farms” at their residences

Trading & Investment

Korea Eases Access to Government Bonds for Foreign Investors

30/01/2025

The measures come ahead of the inclusion of South Korean government bonds in the WGBI, starting in November 2025.

PEPs & Sanctions

EU Imposes Cyber Sanctions Against Three Russian Actors

29/01/2025

The individuals listed were responsible for the theft of thousands of confidential documents from Estonia in 2020

Payments & Settlements

China UnionPay to Enable QR Payments Connectivity for Indonesia

29/01/2025

Indonesia is UnionPay’s fourth country-level cross-border QR payment project in the Southeast Asian market after Cambodia, Vietnam and Laos.