Sanctions

UK Introduces New Legislation to Expand Russia Sanctions

18/12/2023

The package targets exports of military goods to Russia and the import of Russian metals. New reporting obligations also introduced to improve sanctions compliance.

Enforcement

EU Leaders Agree on 12th Russia Sanctions Package

18/12/2023

The package includes additional import and export bans and measures to better enforce the oil price cap. Agreement also reached on criminalisation of sanctions violations.

Enforcement

Ex-FBI Agent Jailed for Helping Sanctioned Russian Oligarch

18/12/2023

Former FBI agent Charles McGonigal conspired to violate US sanctions and commit money laundering to help sanctioned Russian oligarch Oleg Deripaska.

Capital / Liquidity

FSB Outlines 2024 Priorities on Resolution-related Work

18/12/2023

The FSB will explore the adequacy of public sector backstop funding mechanisms and ways for resolution authorities to respond to the speed of bank runs.

Securities / Derivatives

HKEX: GEM Reforms to Take Effect from 1 January 2024

17/12/2023

The reforms will enable enterprises to more easily list on GEM, reduce the burden of continuing obligations, and streamline the process for transfers to the Main Board.

Crypto / Digital Assets

US SEC Denies Coinbase Rule-making Petition

17/12/2023

SEC Chair Gary Gensler said the existing securities regime already appropriately governs crypto asset securities.

AML / KYC

Australia Appoints NEW AUSTRAC CEO for Five Year Term

17/12/2023

Brendan Thomas from the NSW Department of Communities and Justice will replace Nicole Rose effective 29 January 2024.

HKEX Appoints Bonnie Chan to be Next Chief Executive

17/12/2023

HKEX Head of Listing and Co-Chief Operating Officer will take over as CEO from Nicolas Aguzin on 24 May 2024.

Securities / Derivatives

China to Consider Launch of First Saudi-Focused Mutual Fund

17/12/2023

Huatai-PineBridge Fund Management is seeking approval to launch a mutual fund for Chinese investors that tracks the Saudi market.