Trading & Investment

NYSE Considers Introducing Round-the-clock Stock Trading

22/04/2024

NYSE is surveying the market on whether round-the-clock trading should take place only through the five-day work week or over weekends as well.

Anti-Money Laundering

HKMA Fines Hua Nan Commercial Bank Over AML/CFT Controls

22/04/2024

HKMA identified deficiencies in the bank’s ability to continuously monitor some customer relationships over a six-year period.

PEPs & Sanctions

ECB to Order UniCredit, Raiffeisen to Cut Russia Business – Reports

22/04/2024

Italy’s UniCredit and Austria’s Raiffeisen Bank International are expected to be ordered by the ECB to  pare back their Russia business.

Conduct, Culture & Accountability

Hong Kong AFRC Probing Whistleblower Allegations Against PwC

22/04/2024

The probe was prompted by an anonymous “whistle-blower report” circulating in the media which PwC says contains “inaccurate statements and false allegations”.

PEPs & Sanctions

OFAC Penalises Thai Petrochemical Firm for Sanctions Violations

21/04/2024

A unit of a Siam Cement Group subsidiary obfuscated the Iranian origin of polyethylene resin, causing US banks to unknowingly process transfers that violated sanctions.

Fraud, Scams & Cybercrime

Australian Court Fines Macquarie for Inadequate Controls

21/04/2024

Macquarie failed to prevent a now jailed financial adviser from fraudulently withdrawing A$2.9mn from customer accounts between 2016 and 2019.

Reporting & Disclosures

ISDA Offers Recommendations to Address Greenwashing in VCMs

21/04/2024

Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.

PEPs & Sanctions

US Sanctions Four Entities Over Pakistan Missile Inputs

21/04/2024

One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.

PEPs & Sanctions

US, EU Issue New Sanctions Over Settler Violence in West Bank

21/04/2024

OFAC’s sanctions target two entities that helped raise funds for two already-designated Israeli settlers. The EU sanctions target four individuals and two entities.