Sanctions

OFAC Sanctions More Chinese Entities Over Fentanyl Epidemic

01/06/2023

The Chinese embassy in Mexico said the accusations are groundless and that China has been vigorously carrying out international anti-drug law enforcement cooperation

Crypto / Digital Assets

CFTC Issues Advisory on Risks of Clearing Crypto Derivatives

31/05/2023

Commissioner Kristin Johnson said the advisory means a formal rulemaking process on crypto clearing is warranted.

Market Infrastructure

LME Consults on Reforms to Boost Confidence in Metals Market

31/05/2023

The proposed reforms include expanded reporting on stored metal, permanent measures to address low stock levels, and revised closing price methodologies.

Market Infrastructure

China to Boost Yuan Settlement in Africa Trade

31/05/2023

A new centre set up in Yiwu, Zhejiang Province, will expand the use of the yuan settlement in cross-border trade with Africa.

Capital / Liquidity

HKMA Consults on Output Floor, Credit Risk Framework

31/05/2023

The consultation focuses on the implementation of the revised credit risk framework and the output floor.

Enforcement

MAS Bans Former StanChart Adviser Following Forgery Conviction

31/05/2023

The former representative altered a document to falsely presenting another client as the account holder instead of the actual client.

AML / KYC

Perth Mint Misses AUSTRAC Deadline, CEO Resigns

31/05/2023

The delay was attributed to the complexity of the audit and the challenges in gathering the required information.

Capital / Liquidity

APRA, AUSTRAC Enter Enforceable Undertakings With BoQ

31/05/2023

For APRA’s enforceable undertaking, Bank of Queensland has to set aside an extra A$50mn in regulatory capital.

Market Infrastructure

CPMI Seeks Experts on Cross-border Payment APIs

31/05/2023

API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.