AML / KYC

Taiwan Progresses New Anti-Fraud Legislative Package

12/05/2024

The legislative extends fraud prevention obligations to VASPs, telecom companies, and internet advertising platforms, among others.

Securities / Derivatives

Hong Kong, Saudi Arabia Working on More ETF Listings

12/05/2024

An ETF that tracks Hong Kong’s stock indices will list in Riyadh. More Saudi Arabia ETFs may also list in Hong Kong.

Sanctions

Canada Imposes More Sanctions Over October Hamas Attacks

12/05/2024

The four sanctioned individuals were designated by the US in the weeks following Hamas’ attack on Israel.

Indonesia, UAE Agree on Local Currency Settlement Framework

11/05/2024

New MoU outlines a framework to facilitate the settlement of cross-border trade transactions using local currencies.

Sanctions

New Zealand Asked to Expand Myanmar Sanctions

11/05/2024

Company records show that New Zealanders have ties to mining companies which benefit the military junta.

Fintech / Regtech

China, France Commit to Jointly Address AI Risks

10/05/2024

The two countries jointly commit to promoting safe, secure, and reliable AI systems for the “common good”.

Securities / Derivatives

Taiwan Securities Firms Can Expand IPO Loan Business

10/05/2024

Securities firms can handle subscription loans for clients who are employees or original shareholders of issuers.

Sanctions

EU Ambassadors Agree on Use of Frozen Russian Assets

10/05/2024

90% of the interest generated from the frozen Russian state assets will be used for military aid for Ukraine.

AML / KYC

Malaysia Tells US Officials it Only Recognises UN Sanctions

10/05/2024

US officials have warned Malaysia about ship-to-ship transfers and Iranian money moving through its financial system.