Enforcement

ASIC Announces Enforcement Priorities for 2024

23/11/2023

ASIC added new priorities targeting super funds and market integrity, and emphases a continued focus on greenwashing.

Crypto / Digital Assets

Korea Reveals New Details on CBDC Pilot Programme

23/11/2023

The plans were announced during a visit to Korea by Agustin Carstens, general manager of the BIS, which is providing technical support for Korea’s CBDC testing.

Enforcement

US Jury Convicts Two Individuals for Attempting to Export Iranian Oil to China

23/11/2023

The individuals were accused of conspiring to violate US sanctions through a scheme to sell Iranian-origin petroleum to a Chinese buyer via shell companies.

Sanctions

FinCEN Hosts US Banks for Discussion on Russian Export Controls Evasion

23/11/2023

Readout from FinCEN forum includes a list of guidance documents to help financial institutions detect and report transactions related to suspected export controls evasion.

BIS Launches New Data Portal for All Statistics

23/11/2023

Users can access the BIS Data Portal at any time to check global or country-specific statistics to inform their analysis.

Crypto / Digital Assets

New Zealand Crypto Firm Launches NZD Stablecoin

23/11/2023

Easy Crypto and Labrys said the NZDD will be backed 1:1 with cash in trust and regulated by the FMA.

Sanctions

UK, South Korea to Cooperate on North Korea Sanctions Patrols

23/11/2023

Agreement calls for greater naval cooperation to detect and thwart violations of UN sanctions off the coast of North Korea.

Capital / Liquidity

Taiwan to Defer Implementation of Basel III Standards

22/11/2023

Implementation will be deferred to 1 January 2025 in light of other countries also postponing implementation.

Crypto / Digital Assets

KoFIU Outlines Expectations for VASPs Facing Business Closure

22/11/2023

VASPs planning to terminate their services should give users at least one month notice and ensure users’ assets are protected.