Sanctions

Russia Investing Accumulated Rupees in India – Reports

08/05/2024

Russia is no longer looking to repatriate its rupees as it can now invest in Indian stocks and government securities.

Sanctions

US Revokes Licences Allowing Chip Exports to Huawei

08/05/2024

Some companies have been notified that their licences to ship goods to Huawei are effectively revoked.

Sanctions

EU Commission Proposes 14th Russia Sanctions Package

07/05/2024

The package targets transshipments of Russian LNG, “shadow fleet” vessels, the SPFS interbank messaging service, and non-EU companies that help Russia.

Enforcement

Korea’s Naked Short Selling Probe Has Reached 14 Banks

07/05/2024

Two banks already face penalties. The FSS will review penalties for seven others. Five more are still being probed.

Market Infrastructure

Australia Consults on Regulations for Big Four Auditors

07/05/2024

Treasury is seeking views on stronger powers for the ATO and TPB and regulations for accounting, audit and consulting firms.

Fintech / Regtech

Taiwan to Bolster Security Standards for E-Payments Firms

07/05/2024

The FSC asked the banking association to develop standards for electronic payment institutions based on the existing norms for banks.

AML / KYC

UPDATED: MONEYVAL Publishes Six AML/CFT Progress Reports

07/05/2024

Cyprus, Lithuania and Poland were each upgraded on one recommendation.  Croatia was upgraded on seven recommendations.

AML / KYC

US Prosecutors Secure Guilty Plea from Ex BTC-e Operator

06/05/2024

Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.

Securities / Derivatives

China Issues New Rules for Private Securities Investment Funds

06/05/2024

The rules were proposed last May but have since been relaxed in several aspects, including a lower forced liquidation threshold.