AML / KYC

New Zealand Regulators Issue Updated CDD Guidelines

03/05/2024

Updated guidelines on beneficial ownership, company CDD, and enhanced CDD. New guideline on CDD for limited partnerships.

Enforcement

Australian Court Rules in ASIC’s Favour in ‘Qoin Wallet’ Case

03/05/2024

The ruling is the first court outcome against a non-cash payment facility involving crypto, ASIC’s Joe Longo noted.

Securities / Derivatives

CSRC Issues Guidelines for Listing Transfers to Beijing Exchange

03/05/2024

The guidelines focus on transfers of listings from the NEEQ to improve the overall quality of BSE-listed companies.

Securities / Derivatives

Indonesia OJK Issues New Short Selling Regulations

03/05/2024

OJK said the regulations will ensure robust risk management and regulatory compliance by securities companies.

AML / KYC

Australia Consults on Anti-Foreign Bribery Guidance

03/05/2024

The consultation follows the passage of legislation in February to introduce the new “failure to prevent” foreign bribery offence.

Sanctions

US Senators Raise Concerns Over Iran’s Crypto Mining

03/05/2024

A letter from two US senators asks government officials about the steps being taken to address Iranian crypto mining and sanctions evasion.

Enforcement

Russian Court Cancels Part of JPMorgan Freeze Order

03/05/2024

The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.

Sanctions

OFAC Sanctions New Targets for Helping Hizballah Money Exchanger

02/05/2024

Five individuals and two entities were sanctioned for helping a previously-designated money exchanger to evade sanctions, OFAC said.

ESG / Sustainability

New Zealand XRB Establishes Sustainability Reporting Board

02/05/2024

The new technical committee will advise the XRB on New Zealand’s Climate Standards and the development of a voluntary, non-financial reporting framework.