AML / KYC

US Court Dismisses Remaining Charges Against Huawei CFO

05/12/2022

The charges against Meng Wanzhou were dismissed as part of her September 2021 deferred prosecution agreement.

Securities / Derivatives

Malaysia Extends Night Trading Session by Three Hours

05/12/2022

The After-Hours Trading session will end at 2.30am instead of 11.30pm for selected derivatives contracts, Bursa Malaysia Derivatives said.

Crypto / Digital Assets

Bank Indonesia Outlines Plans to Commence CBDC Testing

05/12/2022

The first two phases will focus on experimentation with a wholesale CBDC. The third and final stage will involve end-to-end integration with a retail CBDC.

ESG / Sustainability

Florida to Divest $2bn from BlackRock Over ESG Objections

05/12/2022

Florida CFO Jimmy Patronis describes BlackRock’s ESG strategy as a “social-engineering project” that has “nothing to do with maximizing returns”.

Enforcement

UK Regulator Fines Barclays Over Non Transparent Card Fees

04/12/2022

Barclays was fined by the PSR for failing to give retailers full information about the costs of its card services for three years.

Crypto / Digital Assets

FTX Japan to Allow Withdrawals Starting in January

04/12/2022

Under Japanese law, crypto businesses are required to keep users’ assets segregated, shielding FTX Japan from the bankruptcy proceedings in the US.

AML / KYC

G7 Powers Set to Implement Oil Price Cap on Russian Crude

04/12/2022

EU ban on seaborne crude oil imports from Russia to take effect. G7 oil price cap will only insurers to cover vessels carrying Russian crude sold under USD 60.

Sanctions

EU Proposes to Use Russian Assets to Rebuild Ukraine

04/12/2022

Frozen Russian assets would be actively managed to generate a “stable and fair net return” to help fund reconstruction efforts in Ukraine.

Securities / Derivatives

China Targets Investment Banking Controls at Securities Firms

04/12/2022

CSRC penalises multiple securities firms. New evaluation system will lead to more intense supervision of firms with lower-quality investment banking practices.