Capital / Liquidity

Thai SEC Passes Resolution to Revoke Zipmex Crypto Licence

23/02/2024

The SEC says Zipmex’s business licence needs to be revoked to prevent further harm to clients’ interests, after the company failed to resolve deficiencies by another deadline.

Enforcement

US Unveils Five Enforcement Actions Involving Russian Oligarchs

23/02/2024

The actions, including charges against the CEO of Russia’s VTB Bank, were unveiled just ahead of the two-year anniversary of the war in Ukraine.

Sanctions

EU Sanctions Russians Linked to Moldova Destabilisation Efforts

23/02/2024

Six individuals and one entity were sanctioned for actions aimed at destabilising, undermining or threatening Moldova’s sovereignty and independence.

Sanctions

EU Approves 13th Package of Sanctions Against Russia

22/02/2024

The new sanctions package includes trade restrictions on Chinese and Indian companies for the first time.

Sanctions

UK Imposes First Sanctions Over Death of Alexei Navalny

22/02/2024

Sanctions were imposed against six individuals who oversaw the prison camp where Navalny was held leading up to his death.

Sanctions

HSBC Wins Approval to Sell Russian Unit to Expobank

21/02/2024

HSBC announced in June 2022 that it had struck a deal to sell its Russian unit, but it has taken until now for approval from Vladimir Putin.

AML / KYC

CBA Becomes First Australia-based LEI Validation Agent

21/02/2024

CBA can now obtain and maintain LEIs for clients leveraging its ‘business-as-usual’ KYC and onboarding processes.

Enforcement

FSS Korea Clarifies Role in Seeking Redress for Investors

21/02/2024

FSS responds to calls for a court, rather than the regulator, should prepare compensation plans for investors in loss-making ELS products.

Sanctions

EU Allows Humanitarian Exception in Terrorism Sanctions Regime

20/02/2024

The decision comes after the EU established a dedicated framework in January to allow it to target Hamas and PIJ facilitators with sanctions.