Fintech / Regtech

MAS Released New Project MindForge Whitepaper

28/05/2024

Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.

Enforcement

China: Ex-Official Gets Life Sentence for Bribery, Insider Trading

28/05/2024

Cao Guangjing was convicted on bribery charges and for leaking information about the bailout plan of a Hubei listed company.

Sanctions

EU Adopts New Human Rights Sanctions Regime for Russia

28/05/2024

The European Council has concurrently listed one entity and 19 natural persons under the new regime.

Crypto / Digital Assets

US SEC Approves Rule Change for Spot Ether ETFs

27/05/2024

The rule change coincides with a deadline for the SEC to decide whether the VanEck Ethereum ETF could proceed.

Sanctions

G7 to Expand Efforts to Combat Russia Sanctions Evasion

27/05/2024

The G7 Ministers pledged to expand efforts to ensure companies and FIs are not party to Russia’s circumvention schemes.

Securities / Derivatives

Hong Kong REITs Allowed to Repurchase Treasury Units

27/05/2024

The requirements for SFC-authorised REITs are similar to those applicable to other listed entities, following rule amendments made last month.

Sanctions

S. Korea, Japan Announce Sanctions Targeting DPRK-Russia Arms Trade

27/05/2024

South Korea sanctioned seven North Korean individuals and two Russian vessels; Japan sanctioned 11 entities and one individual.

ESG / Sustainability

IFRS Foundation, GRI Agree to Align Common Disclosures

25/05/2024

The IFRS Foundation and Global Reporting Initiative will work together to optimise how GRI and ISSB Standards can be used together.

AML / KYC

J5 Disseminates Risk Indicators Tied to Crypto Assets

24/05/2024

The risk indicators are intended to help financial institutions detect and report money laundering and illicit activities involving crypto assets.