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.

Capital / Liquidity

Ripple Starts Testing Stablecoin for Cross-border Payments

15/08/2024

Ripple plans to use both “RLUSD” and XRP in cross-border payments to serve global customers and “dramatically improve their experience”.

Enforcement

US Treasury Offers Additional Transparency on CFIUS Enforcements

15/08/2024

More information is now available about CFIUS enforcement actions imposed since 2022, the largest being a $60m penalty against T-Mobile.

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”.