Sanctions

UK Targets Third Country Military Suppliers With Sanctions

09/08/2023

The sanctions target individuals and businesses in Iran, Turkey, Belarus, Slovakia, Switzerland, the UAE and Russia for supporting the war in Ukraine.

Securities / Derivatives

TSE Signs Agreement to Provide Japanese Investors Access to US Securities

09/08/2023

The MoU between the Tokyo Stock Exchange and Blue Ocean Technologies will enable Japanese investors to trade US stocks during their daytime hours.

Crypto / Digital Assets

PayPal Unveils Stablecoin Plans, Prompting Call for Clear Regulations

08/08/2023

PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.

AML / KYC

AUSTRAC to Implement Pre-verification Requirement for Online Gambling

08/08/2023

Identification verification procedures must be carried out before online gambling services are provided to customers, starting 29 September.

Big Picture

Banks Showing Lowest Operational Risk Losses in Years: ORX

08/08/2023

While 2022 gross operational risk losses were the lowest since 2017, an increase in fraud is driving up annual loss frequency, ORX says.

Sanctions

OFAC Halts $26m in Funds Tied to Indian Diamond Traders

08/08/2023

OFAC reportedly suspects fund transfers were made to diamond suppliers with links to Russian miners and sanctioned bodies.

ESG / Sustainability

Taiwan Inaugurates Carbon Exchange, Targeting Net Zero by 2050

08/08/2023

The Kaohsiung-based carbon exchange will initially offer consultation services. Trading will start in the first half of next year.

Securities / Derivatives

China, Saudi Arabia In Early Talks to Develop ETF Connect – Report

08/08/2023

China has rolled out several ETF Connect projects. The link with Saudi Stock Exchange would be its first beyond East Asia.

Uncategorised

SEBI Offers Clarifications on Investment Advisor Rules

08/08/2023

Those offering investment advice solely to overseas persons are not subject to the rules. Registered investment advisors can provide advice to FPIs.