Crypto / Digital Assets

VSFG & Value Partners Apply to Launch Spot Bitcoin ETF

29/03/2024

VSFG is said to be “actively engaged” in discussions with the SFC on plans to potentially launch the new spot bitcoin ETF in May.

Sanctions

US, UK Announce New Sanctions Targeting Hamas Financing

29/03/2024

Two individuals and three entities were sanctioned by the US and UK for engaging in fundraising efforts to support Hamas.

AML / KYC

Wolfsberg Group Addresses Role of Internal Audit Function

29/03/2024

The Group offers a set of principles as guidance for the IA function to promote effective financial crime risk management within FIs.

Sanctions

US and South Korea Jointly Announce New DPRK Sanctions

29/03/2024

The US and South Korea also launched a new task force that will work to disrupt North Korean refined oil procurement networks.

Sanctions

Businesses Have Lost Over $100bn From Russia Exits – Report

28/03/2024

Russia has steadily tightened its exit requirements as sanctions pressure has ramped up. It now demands discounts of at least 50% on foreign asset sales.

Sanctions

Russia Buys its Own Diamonds to Support State-owned Alrosa

28/03/2024

The Russian government is for the first time in 15 years procuring diamonds from Alrosa, which has been targeted by sanctions.

Sanctions

US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report

28/03/2024

There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.

Securities / Derivatives

HKMA, SFC Call on Firms to Ensure Readiness for US Move to T+1

28/03/2024

Firms should consider deploying additional staff and or making adjustments to work shifts or working hours to cope.

Crypto / Digital Assets

HSBC Launches Tokenised Gold Product in Hong Kong

28/03/2024

The product allows investors to acquire fractional ownership of physical gold represented by tokens recorded on a distributed ledger.