Indonesia, UAE Agree on Local Currency Settlement Framework

11/05/2024

New MoU outlines a framework to facilitate the settlement of cross-border trade transactions using local currencies.

Sanctions

New Zealand Asked to Expand Myanmar Sanctions

11/05/2024

Company records show that New Zealanders have ties to mining companies which benefit the military junta.

Fintech / Regtech

China, France Commit to Jointly Address AI Risks

10/05/2024

The two countries jointly commit to promoting safe, secure, and reliable AI systems for the “common good”.

Securities / Derivatives

Taiwan Securities Firms Can Expand IPO Loan Business

10/05/2024

Securities firms can handle subscription loans for clients who are employees or original shareholders of issuers.

Sanctions

EU Ambassadors Agree on Use of Frozen Russian Assets

10/05/2024

90% of the interest generated from the frozen Russian state assets will be used for military aid for Ukraine.

AML / KYC

Malaysia Tells US Officials it Only Recognises UN Sanctions

10/05/2024

US officials have warned Malaysia about ship-to-ship transfers and Iranian money moving through its financial system.

Big Picture

Report Calls on US Congress to Review DRPK Sanctions

10/05/2024

The report warns that the enhanced partnership between Russia and North Korea could undermine the effectiveness of US policy.

Enforcement

FCA Defends Proposal to Name Firms Under Investigation

09/05/2024

The government, lawmakers and industry worry that the ‘name and shame’ approach will harm the market and individual companies.

Crypto / Digital Assets

EBA Publishes MiCA Standards for Stablecoin Authorisation

09/05/2024

New standards also set out the information that must be submitted for acquisitions in issuers of asset-referenced tokens.