ESG / Sustainability

China Publishes New Green Industry Guidance Catalog

29/02/2024

FIs are encouraged to provide financial support for domestic and Belt and Road projects or activities that meet the requirements of the Catalog.

AML / KYC

NZ Minister Demands Immediate Action from Banks on Scams

29/02/2024

Confirmation of payee system to be established, Code of Banking Practice to be updated; voluntary reimbursement scheme to be investigated.

Sanctions

UK Issues Updated Sanctions Guidance for Maritime Sector

29/02/2024

The guidance is intended for firms operating within UK territories or dealing with UK-affiliated entities.

US to Ban Certain Data Transfers to China, Russia

29/02/2024

Executive Order authorises actions to prevent the personal data of US citizens from being transferred to so-called “countries of concern”.

Sanctions

Huawei Pay Stops Allowing UnionPay-linked Payments in Russia

29/02/2024

UnionPay cards linked to the Huawei Pay service are being refused in Russia due to US sanctions against the operator of the Mir payment system.

Securities / Derivatives

JPX to Launch New Data Services Platform by End-March

28/02/2024

“J-LAKE” will centralise the management and analysis of financial and capital market data and help expand JPX’s data distribution services.

Enforcement

UK FCA Commits to Being More Transparent About Investigations

28/02/2024

The FCA pledges to be more proactive about announcing investigations and naming the firms involved, to improve deterrence.

Sanctions

US, UK Issue New Iran Sanctions Over Red Sea Attacks

28/02/2024

The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.

Sanctions

Russia Closer to Allow Digital Assets in International Settlements

28/02/2024

Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.