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.

Sanctions

Russian President Signs Decree Allowing Confiscation of US Assets

24/05/2024

Russian entities impacted by sanctions can seek compensation through US-owned properties, companies, bank accounts, or shares located in Russia.

Enforcement

HK: Insider Trading Prosecution May Prompt Hedge Fund Closure

24/05/2024

“It is in the best interests of our investors to return their capital in an orderly manner,” a Segantii spokesperson said.

HKMA Updates SPM Module to Drive Banking Sector Upskilling

24/05/2024

The revised SPM module is part of the HKMA’s effort to drive upskilling and reskilling of banking practitioners.

Sanctions

Australia Lists the Houthis as Terrorist Organisation

24/05/2024

Listing the Houthis as a terrorist organisation complements the sanctions in place in relation to the entity, said Attorney-General Mark Dreyfus.

Enforcement

FCA Fines HSBC for Failures in Treatment of Customers

24/05/2024

The bank was fined GBP 6.3 million, on top of investing GBP 94 million to correct the issues and paying redress worth GBP 185 million.

Enforcement

CFTC Fines JPMorgan $200m Over Trade Surveillance Gaps

24/05/2024

Half of the penalty will be offset by resolutions made with the OCC and Federal Reserve Board in March.

Crypto / Digital Assets

Thai SEC Seeks Input on Regulatory Framework for Digital Assets

23/05/2024

The SEC is seeking comments on areas where the regulatory framework can be improved to enhance governance, efficiency, supervision, and enforement.