Sanctions

US Sanctions 7 Targets for Aiding Iranian UAV Development

19/12/2024

One of the sanctioned individuals supplied technology used by Iran to kill three US service members in Jordan earlier this year.

Capital / Liquidity

FDIC to Pursue Legal Action Against 17 Former SVB Executives

19/12/2024

Chairman Martin Gruenberg said the executives breached their duties by mismanaging Silicon Valley Bank’s securities portfolios.

Crypto / Digital Assets

ESMA Releases Last Batch of Policy Documents for MiCA

19/12/2024

The new package includes standards on preventing market abuse and guidelines on suitability and crypto-asset transfer services.

Sanctions

Europe Announces Measures to Counter Russian Shadow Fleet

19/12/2024

12 countries will work together to counter the shadow fleet by checking suspicious vessels for valid insurance documents.

Sanctions

South Korea Imposes Sanctions Over Russia-DPRK Cooperation

18/12/2024

The targets include North Korean military officials, Russian businessmen and companies, and banks involved in Russia-DPRK transactions.

Securities / Derivatives

SEBI Tightens Norms on Issuance of ODIs by FPIs

18/12/2024

New requirements on the issuance and use of offshore derivative instruments by FPIs are being introduced to prevent regulatory arbitrage.

Crypto / Digital Assets

OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea

18/12/2024

The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.

Enforcement

ASIC Sues Binance Over Misclassification of Retail Clients

18/12/2024

Binance offered crypto derivative products to over 500 Australian retail investors who were misclassified as wholesale clients.

Fintech / Regtech

Singapore, Australia Sign MOU to Expand Cooperation on AI

18/12/2024

Singapore’s Josephine Teo said the MOU opens new doors for AI collaboration across research institutes, businesses and government.