Enforcement

US SEC Notifies Robinhood of Pending Enforcement Action

08/05/2024

The action is related to the cryptocurrencies offered on Robinhood’s platform, some of which may be classified by the SEC as securities.

Sanctions

Russia Court Authorises Seizure of JPM, Commerzbank Assets

08/05/2024

The arbitration court authorised the seizure of $13.3mn from Commerzbank (Eurasia) JSC, a subsidiary of JPMorgan and Commerzbank.

US to Ban Certain Incentive-Based Compensation Arrangements

08/05/2024

The proposed ban will also apply to US branches of foreign banks and certain subsidiaries of US financial institutions.

Sanctions

Iran Reliant on Malaysia to Finance Terrorist Proxies: US Official

08/05/2024

US officials express concern about the use of Southeast Asian service providers to route illicit sales of Iranian oil.

ESG / Sustainability

ASIC to Update Guidance for Carbon Market Participants

08/05/2024

The proposed updates seek to address the implications of the safeguard mechanism reforms which commenced on 1 July 2023.

Sanctions

OFAC Deploys New Sanctions List Service

08/05/2024

The new service is intended to provide users with easy access to the most up-to-date sanctions lists and sanctions list data.

AML / KYC

BNP Paribas Becomes Latest LEI Validation Agent

08/05/2024

BNP Paribas is the first G-SIB headquartered in the EU to join GLEIF’s Validation Agent programme.

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.