Sanctions

Russia Places Two EU Companies Under Gazprom Management

28/04/2024

Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.

Enforcement

China Investigates Senior CSRC Official for Corruption

27/04/2024

Yao Qian was director of the CSRC’s Science and Technology Supervision Department. An investigation into a Bank of China official was also launched.

Japan FSA Scrutinising Bank Lending Practices – Reports

27/04/2024

The FSA is concerned that non-performing loans could emerge following the move away from negative interest rates starting last month.

AML / KYC

US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

27/04/2024

Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

Sanctions

France Proposes New Sanctions to Target Russian Disinformation

27/04/2024

The sanctions would target the disinformation on social media, the use of AI-generated deep fakes, the creation of fake websites, and election interference.

Securities / Derivatives

China Works to Curb Domestic Access to Offshore LGFV Debt

27/04/2024

Registrations stop for new credit-linked notes backed by offshore LGFV debt. QDLP fund managers asked about exposures to offshore LGFV debt.

Sanctions

Japan Proposes to Tighten Export Control Regulations

27/04/2024

Companies would be required to report transfers of technology in areas where Japan has an advantage over other countries, and seek approval for such exports.

Capital / Liquidity

FSB Launches New Standards to Support Orderly CCP Resolution

26/04/2024

The new standard aims to ensure that resolution authorities have ready access to resolution-specific financial resources and tools.

Sanctions

US, UK, Canada Announces More Sanctions for Iran’s Airstrike

26/04/2024

The US targeted 16 entities, eight individuals, five vessels and one aircraft. The UK and Canada also sanctioned targets involved in Iran’s drone and missile industries.