Sanctions

OFAC Sanctions the Head of the Wagner Group in Mali

30/05/2023

OFAC says the Wagner Group has been attempting to purchase military systems from foreign suppliers and routing these weapons through Mali for use in Ukraine.

Enforcement

Singapore Court Order Credit Suisse to Pay Georgian Billionaire

29/05/2023

Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.

Capital / Liquidity

EU Commission Grants Antitrust Approval for UBS-Credit Suisse Merger

29/05/2023

The UBS acquisition of Credit Suisse has been approved in the EU, but is being complicated in China by regulatory requirements.

Crypto / Digital Assets

Hong Kong Police Launch “CyberDefender Metaverse” Platform

29/05/2023

The platform is designed to help educate the public about cyber crimes in the Metaverse, especially those involving virtual assets.

Securities / Derivatives

CSRC Confirms Plans to Open More Futures Products to Foreign Investors

29/05/2023

Vice chairman Fang Xinghai said the CSRC plans to open more futures products to overseas investors and attract more foreign institutions to participate in the futures market.

Crypto / Digital Assets

Korea Passes Bill to Force Public Officials to Disclose Crypto Holdings

28/05/2023

Crypto holdings will be included under the private interests that members of the National Assembly need to report.

Securities / Derivatives

CSRC Allows Morgan Stanley to Fully Own Futures Unit

28/05/2023

The new unit will be the second futures business in China to be wholly owned by a foreign bank, after JPMorgan Chase won a similar approval in 2020.

Sanctions

US, South Korea Announce New Sanctions on DRPK Cyber Actors

27/05/2023

One of the entities jointly sanctioned by the US and South Korea employs “thousands” of North Korean IT workers that operate in Russia, China and Laos.

ESG / Sustainability

Korea Introduces Voluntary Guidance for ESG Rating Agencies

27/05/2023

The guidelines, created by three ESG evaluation agencies and endorsed by regulators, take effect from 1 September.