Sanctions

US Reimposes Sanctions on Venezuela’s Oil and Gas Sectors

20/04/2024

Venezuela has fallen short of its commitments in terms of opening up the democratic and electoral process, US officials said.

Crypto / Digital Assets

UK Banks Launch Digital Money Experimental Phase

19/04/2024

Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.

Sanctions

US, UK Unveil Initial Sanctions Response to Iran’s Airstrike

18/04/2024

The US sanctions target Iran’s drone production, steel industry and auto companies. The UK targeted those responsible for the weekend attack.

Capital / Liquidity

Shanghai Launches Loan Guarantee Programme for Tech Firms

18/04/2024

CNY 2 trillion in funding, supported by credit guarantees, will be provided to innovative technology companies in Shanghai for three years.

Capital / Liquidity

Korea FSS Directs Ten Savings Banks to Increase Capital

18/04/2024

Some 15 savings banks in Korea failed to meet their minimum capital adequacy ratios in Q1, compared to just one at the end of 2023.

AML / KYC

China Set to Consider Draft Revision to AML Law

18/04/2024

The revision will expand the scope of money laundering predicate crimes, raise the penalties for offences, and expand the scope of the law to cover more non-bank entities.

Enforcement

Former PBOC Deputy Governor Pleads Guilty for Accepting Bribes

18/04/2024

Fan Yifei abused his positions and took bribes from 1993 to 2022, while at China Construction Bank, China Investment Corp, Bank of Shanghai and the PBOC.

Australia: Misconduct Compensation Scheme Starts Processing Claims

18/04/2024

The Compensation Scheme of Last Resort provides compensation to eligible consumers who have an unpaid determination from AFCA.

Market Infrastructure

Japan, Korea, US Finance Ministers Hold First Trilateral Meeting

18/04/2024

The ministers agreed to “consult closely” on FX markets and to cooperate on financial stability and the use of sanctions.