Securities / Derivatives

Chinese Premier Calls for More “Forceful” Measures to Stabilise Stock Market

23/01/2024

Premier Li Qiang emphasised the need to enhance the quality and investment value of listed companies and persuade more medium and long-term funds to invest in stocks.

AML / KYC

HKMA Calls on Banks to Join SMS Sender Registration Scheme

23/01/2024

28 banks in Hong Kong have already registered, completed testing, and will begin using Sender IDs from 28 January 2024.

Sanctions

Australia Announces First Use of Cyber Sanctions Powers

23/01/2024

Australia imposed sanctions against Russian national Aleksandr Ermakov, who was linked to the 2022 Medibank breach.

Sanctions

US, UK, Australia Announce New Round of Hamas Sanctions

23/01/2024

OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.

Fintech / Regtech

SEBI to Start Using GenAI to Assess IPO Applications – Report

22/01/2024

SEBI chairperson Madhabi Puri Buch reportedly set up a task force and asked every department head to explore GenAI use cases.

Fintech / Regtech

Singapore Releases Draft Governance Framework on GenAI

22/01/2024

IMDA and the AI Verify Foundation are seeking feedback on a draft Model AI Governance Framework for Generative AI until 15 March.

AML / KYC

Singapore Money Laundering Case Tops S$3bn in Assets

22/01/2024

Warrants of arrest and Interpol Red Notices have also been issued against two more Cambodian nationals for money laundering offences.

Sanctions

EU Discusses 13th Sanctions Package for Russia – Report

22/01/2024

The package could include further listings, more trade restrictions. and cracking down on Russia’s ability to circumvent sanctions via third countries.

Enforcement

US Regulators Fine ICBC New York Branch for Regulatory Violations

22/01/2024

ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.