Enforcement

OFAC Fines Real Estate Company for Sanctions Evasion Scheme

20/01/2025

OFAC said FIs that deal with gatekeepers should conduct sufficient due diligence to ensure they are not acting as proxies for sanctioned parties

Sanctions

OFAC Unveils Final Set of Sanctions Under Biden Presidency

19/01/2025

The latest sanctions announcements were made over the Sudan conflict, North Korean IT workers, Houthi financing and Chinese cyber attacks.

Securities / Derivatives

SEBI Proposes to Raise Threshold for Granular Disclosures by FPIs

19/01/2025

The higher threshold will reduce the number of FPIs that are subject to granular disclosure requirements thereby lowering regulatory burden and compliance costs

Fintech / Regtech

NPCI Signs Partnership to Enable UPI Payments in UAE

18/01/2025

NPCI’s international arm signed an agreement with payment solutions provider Magnati to enable QR-based UPI merchant payments through POS terminals across the UAE.

Sanctions

US Announces Final Russia Sanctions of Biden Administration

18/01/2025

The US re-designated almost 100 entities so it has the power to impose secondary sanctions on foreign persons, including foreign FIs, that do business with them

Capital / Liquidity

HSBC Rolls Out Cross-currency Netting in Mainland China

17/01/2025

Korean multinational company Philips has become the first to adopt the solution, enabling it to streamline processes, lower costs, and unlock working capital

Sanctions

US State Dept Publishes Strategy for Countering Wrongful Detentions

16/01/2025

Part of the strategy is the implementation of EO 14078, which authorises sanctions on individuals or entities responsible for or complicit in a wrongful detention.

Fintech / Regtech

KRX Finishes Building Naked Short Selling Detection System

15/01/2025

Connectivity tests have begun with institutional investors. Once these tests are complete, the NSDS will be used on a simulated market.

Fintech / Regtech

Hong Kong Digital Banks Consider Opening Physical Branches

14/01/2025

HKMA said in October that it would allow digital banks to have limited physical branches to help them improve transaction processes and customer experience