BOT to Further Relax FX Management Rules in Q4

03/08/2024

The BOT will quadruple the annual outflow limit for Thai citizens and make the FX management rules for businesses more flexible.

Enforcement

UK SFO Charges Ex-Glencore Employees Over Bribery Scheme

03/08/2024

Five former Glencore employees are charged with conspiring to make corrupt payments to benefit the company’s oil operations in West Africa.

Enforcement

China Launches Corruption Probes Into More Former Officials

03/08/2024

New investigations launched into officials from the SSE, CSRC, ICBC, China Construction Bank, and Export-Import Bank of China, among others.

Crypto / Digital Assets

Futu Launches Crypto Services for Hong Kong Retail Investors

03/08/2024

Futu Securities International is the first online broker in Hong Kong to offer crypto trading services to retail investors.

Enforcement

CSRC Replaces Vice Chairman with Enforcement Chief

02/08/2024

According to reports, the change underscores a determination to clean up and tighten oversight of China’s stock market.

AML / KYC

HK Banks Extend Fraud Alerting Service to Counter Transactions

02/08/2024

HKMA said customers will receive fraud risk alerts regardless of whether a transfer is conducted at a branch or through online channels.

Sanctions

OFAC Sanctions More Houthi Procurement Facilitators

02/08/2024

The sanctions target “key actors” located in China, Hong Kong, and Yemen who have “directly supported” the Houthis’ weapons procurement efforts.

ESG / Sustainability

Gold Standard Carbon Credits Debut on HKEX Carbon Marketplace

02/08/2024

Gold Standard’s Verified Emission Reductions can now be traded on the Core Climate platform. Trading fees are waived until further notice

Securities / Derivatives

Sumitomo Mitsui to Launch First Private Fund in China

02/08/2024

Sumitomo Mitsui DS Asset Management is just the second Japanese firm after Nomura to offer a registered private fund in China.