Enforcement

Former Top PBOC Official Expelled from CCP for Corruption

13/06/2023

Former deputy governor Fan Yifei was found to have accepted banquets, trips, golf outings, gifts, gold, money, and other perks.

AML / KYC

Russian Nationals Charged With Hacking Mt Gox and Operating BTC-e

12/06/2023

The DOJ unsealed charges against two Russian nationals for the 2011 hack of the Mt Gox crypto exchange and for laundering the proceeds.

ESG / Sustainability

APRA Adds Climate Change Risk to New Statement of Intent

12/06/2023

A key update is the explicit inclusion of climate-related financial risks as a consideration for APRA’s duties.

Crypto / Digital Assets

CFTC Triumphs in Landmark Case, Establishing Legal Liability for Ooki DAO

12/06/2023

The judgment also imposes a fine, permanent trading and registration bans, the shutdown of Ooki DAO’s website, and the removal of its online content.

Securities / Derivatives

CSRC Grants New Fund Manager Licence to Schroders

12/06/2023

Schroders becomes the fourth foreign-owned asset manager to set up businesses in China, after BlackRock, Fidelity Investments, and Neuberger Berman.

Enforcement

India: Appeals Tribunal Reverses SEBI Licence Cancellation Order

11/06/2023

The Securities Appellate Tribunal said SEBI’s order to cancel the licence of Brickwork Ratings was “unjustified” and “not commensurate” with the alleged violations.

Crypto / Digital Assets

UK: New Rules for Advertising Crypto to Take Effect in October

11/06/2023

All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the new rules.

Capital / Liquidity

Credit Suisse Rescue Deal to Undergo Parliamentary Probe

11/06/2023

UBS has meanwhile finalised a guarantee agreement with the Swiss government and is now expected to close its Credit Suisse acquisition on Monday (12 June).

Sanctions

EU Council Seeks to Criminalise Sanctions Circumvention

10/06/2023

EU member states would be obligated to criminalise sanctions circumvention, including activities to help bypass an EU travel ban or trade in sanctioned goods.