PEPs & Sanctions

South Korea Issues First Independent DPRK Sanctions

12/02/2023

The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.

Anti-Money Laundering

BIS Innovation Hub to Study Use of Data Technologies for AML

12/02/2023

Project Aurora will study privacy-enhancing technologies, machine learning methods, network analysis, the use of additional data sources, and “machine-readable typologies”.

Fraud, Scams & Cybercrime

US, UK Jointly Sanction Russian Ransomware Actors

12/02/2023

The first-of-its-kind joint action marks the first time suspected ransomware operators have been designated under the UK sanctions regime.

Structural Regulation

Vietnam Considers Higher Foreign Ownership Limits at Banks

12/02/2023

A higher foreign ownership limit of 49 percent is being considered for banks that participate in restructuring weak credit institutions.

Trading & Investment

Bursa Malaysia Updates SBL Framework for Islamic Securities

12/02/2023

A new remedial option allows users to recall or acquire back securities if their status changes to Shariah non-compliant.

Structural Regulation

PBOC Issues New Rules for FHCs on Related-Party Transactions

12/02/2023

Financial holding companies have to set upper limits for related-party transactions and establish systems for their management, reporting and disclosure.

Alternative Markets

SEBI Proposes Slew of Rule Changes for Alternative Investment Funds

12/02/2023

SEBI proposes to eliminate upfront fees charged to investors in AIFs, and to require mandatory dematerialisation of AIF units, among other changes.

Structural Regulation

SEBI Loosens Rules on Meeting Minimum Public Float Requirement

11/02/2023

Listed companies are allowed to increase public float through the exercise of options, the allotment of shares under an ESOP, and by selling promoter shares to an ETF.

Anti-Money Laundering

Russian National Pleads Guilty to Money Laundering Conspiracy

11/02/2023

The Russian national and unnamed co-conspirators allegedly laundered at least USD 70 million in ransom proceeds using cryptocurrency.