ESG / Sustainability

JPX Releases Results of GenAI-powered TCFD Disclosure Checks

27/03/2024

GenAI enabled JPX to widen the coverage of the checks, making breakdowns by market segment, company size, and sector possible.

AML / KYC

FATF Upgrades US Rating on Beneficial Ownership Transparency

27/03/2024

The FATF cites the ongoing implementation of requirements for companies to report beneficial ownership information to FinCEN.

Sanctions

Russia Has Started Directly Supplying Oil to DPRK – Reports

27/03/2024

The shipments are reportedly using UN-designated vessels, as part of an arrangement that involves North Korea supplying arms to Russia.

Sanctions

Belgian Authorities Arrest Six Over Russian Diamond Imports

27/03/2024

The arrests, which reportedly include some Indian traders, followed the seizure of millions of euros worth of Russian diamonds last month.

Fintech / Regtech

JPXI to Launch New Trading Analysis Data Service

27/03/2024

The new service will provide four types of data on a daily basis to enable trading participants to analyse their own transactions.

Crypto / Digital Assets

US Authorities Announce Charges Against Crypto Exchange KuCoin

27/03/2024

Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.

Securities / Derivatives

StanChart Inaugurates Investment Banking Unit in China

26/03/2024

Standard Chartered applied for the licence in 2021 and was granted approval to commence operations in December last year.

Sanctions

OFAC Unveils More Sanctions Over Iran Commodity Shipments

26/03/2024

The sanctions target a Lebanon-based financial facilitator, two vessels, and entities registered in Liberia, India, Vietnam, and Kuwait.

Enforcement

China’s Largest Brokerage Under Scrutiny for IPO Sponsor Role

26/03/2024

Citic Securities did not “directly reply” to a query from the SZSE  on whether an IPO applicant it was sponsoring had overly concentrated shareholdings among a few individuals.