PEPs & Sanctions

OFAC Targets Sanctions Evasion Network Supporting Russia

06/02/2023

Entities based in Singapore, Israel, Latvia, Cyprus, and Bulgaria were among those sanctioned for supporting sanctioned, state-owned Russian defence firms.

Trading & Investment

SEBI Proposes to Allow REITs, InvITs to Issue Depositary Receipts

06/02/2023

SEBI says the move will enable greater participation by foreign investors in domestic REITs and InvITs.

Anti-Money Laundering

New York Woman Charged for Financing Terrorist Groups With Crypto

06/02/2023

The case is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism, said Manhattan District Attorney Alvin Bragg.

Fraud, Scams & Cybercrime

CBA to Introduce New ‘NameCheck’ Scam Prevention Feature

06/02/2023

‘NameCheck’ will provide customers an indication of whether the name and account details they have entered in money transfers are correct.

Market Abuse

Indian Regulators Respond to Adani Group Stock Selloff

06/02/2023

SEBI said the market continues to function effectively. The RBI said the banking sector remains resilient and stable. Adani companies have meanwhile lost $110mn in market cap.

Structural Regulation

Hong Kong: New Regulatory Regime for Depositories to Start by 2025

06/02/2023

About 20 depositaries and 300 individuals will require licensing under RA 13, the new regulated activity for depositories of collective investment schemes.

Trading & Investment

China Launches Market Making for Exchange Bond Market

06/02/2023

The CSRC said market-making will help reduce liquidity premiums and issuance costs while also improving pricing efficiency in the exchange bond market.

Anti-Money Laundering

US Authorities Probe Crypto Bank Silvergate Over FTX Dealings

06/02/2023

The criminal probe is said to be focused on Silvergate’s dealings with the now-bankrupt FTX and Alameda Research, and its hosting of accounts tied to both companies.

Trading & Investment

KRX Outlines Key Strategies to Boost Market Appeal in 2023

06/02/2023

The strategies include allowing night-time derivatives trading, a change to the dividend system, new derivatives product launches, and a new market for digital securities.