Sanctions

US Commerce Dept Adds 12 Chinese Entities to Entity List

15/04/2023

The entities allegedly acquired or attempted to acquire US-origin items in support of Russia’s military effort.

Securities / Derivatives

Korea to Develop Fund Manager Guidance on Exercise of Voting Rights

15/04/2023

There is currently insufficient guidance on the exercise of voting rights, particularly for issues involving corporate governance and ESG matters, the FSS said.

Crypto / Digital Assets

Japan Policymaking Body Approves New Web3 White Paper

15/04/2023

The paper covers crypto taxation, a DAO law, token screening, stablecoin registration, and Web3 accounting standards.

AML / KYC

OFAC Sanctions Chinese Entities in Fentanyl Supply Chain

14/04/2023

The Chinese individuals and companies were allegedly involved in supplying drug cartels with ingredients to make opioids for sale in the US.

AML / KYC

Taiwan Cabinet Approves Legislation to Bolster Anti-Fraud Effort

14/04/2023

The amendments to three bills include higher penalties for cases of personal data leakage where negligence is found.

Enforcement

Former TSB Executive Fined Over 2018 IT Migration Failure

14/04/2023

TSB Bank’s chief information officer was fined for his management of a key outsourcing relationship fell below expected standards.

Fintech / Regtech

Tiger Brokers Tests ‘TigerGPT’ Chatbot as Investment Assistant

14/04/2023

The OpenAI-powered chatbot is said to be the “first deployment of an AI investment assistant in the brokerage industry”.

MAS Maintains Monetary Policy Stance, Warns of Slow Growth

14/04/2023

MAS said its five successive monetary policy tightening moves since October 2021 have “tempered the momentum of price increases”.

Market Infrastructure

Japanese JCB Cards to be Accepted in Saudi Arabia

14/04/2023

JCB cards will be accepted at Points of Sale and ATMs across Saudi Arabia through a partnership with Saudi National Bank.