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.

Fintech / Regtech

Taiwan: FSC Offical Says No Need for BNPL Regulation

28/02/2024

FSC official said judicial and police authorities can already take action against BNPL operators that engage in illegal activities such as usury or illegal debt collection.

China Expands State Secrets Law to Include “Work Secrets”

28/02/2024

The expanded law may make it more difficult for foreign firms to access information for making decisions regarding their China operations.