Sanctions

S. Korea Imposes Sanctions to Block DPRK Maritime Activities

17/01/2024

The sanctions target ships, individuals, and organisations for “illegal maritime activities that support North Korea’s nuclear and missile development.”

Securities / Derivatives

Tokyo Bourse Names Firms With Capital Efficiency Plans

16/01/2024

The list is intended to “name and shame” companies that don’t disclose plans to increase their capital efficiency

Securities / Derivatives

Malaysia to Exempt Unit Trusts from CGT, FSI Tax

16/01/2024

The exemption on CGT is effective until 31 Dec 2028. The exemption on FSI is effective until 31 Dec 2026.

Fintech / Regtech

BIS to Study Financial Crime Detection in Retail Payments

15/01/2024

Project Hertha will map financial crime typologies in real-time payment systems, and build a synthetic dataset to test identification of the typologies.

Enforcement

Korea Confirms Illegal Short Selling by Two More Global Banks

15/01/2024

The FSS said it has confirmed that two investment banks submitted naked short selling orders worth a combined KRW 54 billion.

Crypto / Digital Assets

BIS to Explore Tokenisation of Promissory Notes Used to Funds MDBs

15/01/2024

Project Promissa intends to simplify the management of the notes and provide a single source of truth for all counterparties throughout the notes’ lifecycles

AML / KYC

NYDFS Announces $8m Settlement With Genesis Global Trading

15/01/2024

Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

Sanctions

Better Enforcement Needed on Russia-related Export Controls

15/01/2024

New report calls for coalition authorities to address the role of third-country intermediaries in export controls circumvention schemes.

Sanctions

US Sanctions HK, UAE Companies to Target Houthi Revenues

15/01/2024

OFAC also identified four vessels as blocked property for their involvement in shipping Iranian commodities on behalf of a Houthi financial facilitator.