Crypto / Digital Assets

Taiwan Crypto Industry Launches New “VASP Association”

14/06/2024

The VASP Association is charged with developing self-regulatory guidelines and best practices for the crypto industry.

Sanctions

G7 to Raise $50bn for Ukraine Using Frozen Russian Assets

13/06/2024

A $50bn loan will be taken out and the interest will be paid using profits generated by frozen Russian assets.

Enforcement

US Court Jails Two Over Sanctions Evasion Scheme

13/06/2024

A Chinese national and US citizen were jailed for attempting to broker illicit oil sales between Iran and China and launder the proceeds.

Securities / Derivatives

Sri Lanka Completes Transition to Shorter Settlement Cycle

13/06/2024

The CSE described the transition from T+3 to T+2 for equity trades as “seamless” and a “significant milestone”.

Crypto / Digital Assets

Terraform, Do Kwon Agree $4.6b Settlement With US SEC

13/06/2024

The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

Enforcement

US Authorities Arrest Two for Illegal Russia Export Scheme

13/06/2024

The two men engaged in a scheme to covertly sell snowmobiles to Russia through an intermediary company in Hong Kong.

Securities / Derivatives

China Considers Tighter Fund Selling Rules for Banks

13/06/2024

The NFRA is considering revisions that would block banks from selling private fund products, including hedge funds.

Enforcement

Korea’s Woori Bank Discovers Another Embezzlement Case – Report

13/06/2024

An employee at one of Woori’s branches forged documents related to loans and deposits to embezzle funds that were used to invest overseas.

Enforcement

Shanghai Chipmaker Barred from Launching IPO for 5yrs

12/06/2024

The company, already penalised for inflating its 2020 profits, is now barred from listing its shares for five years.