Securities / Derivatives

GFEX Set to Launch New Polysilicon Futures, Options Contracts

18/12/2024

The new contracts are expected to help address rising price volatility and provide a key risk management tool for China’s solar supply chain.

Sanctions

OFAC Sanctions 20 Targets Linked to Global Drug Trafficking

18/12/2024

The sanctions targets, located across seven countries, include Australian David Thackray and New Zealander Ho Kai Leung.

Crypto / Digital Assets

Ripple Launches USD Stablecoin on Global Crypto Exchanges

18/12/2024

RLUSD is backed by USD deposits, US treasuries and cash equivalents. Third-party attestations of the reserve assets will be published monthly.

Sanctions

US Issues New Sanctions Targeting Military Support to DPRK

17/12/2024

The sanctions targets include banks, financial representatives, generals, officials and foreign trade companies involved in Russia-DPRK oil trade.

Sanctions

EU Announces First Sanctions Under New ‘Hybrid Threats’ Regime

17/12/2024

The sanctions are in response to “Russia’s malicious actions and its lack of respect for a rules-based international order and international law”.

Sanctions

EU Council Adopts 15th Sanctions Package Against Russia

17/12/2024

The package targets 52 ‘shadow fleet’ vessels and for the first time adds Chinese entities and individuals to the EU sanctions register.

Capital / Liquidity

Korea Amends Rules for on Investors’ Foreign Currency Deposits

17/12/2024

The regulatory amendment increases the proportion of investors’ USD and JPY funds that securities firms have to deposit with the KSFC.

AML / KYC

Malaysia Advances Bill to Amend Trustee Act for AML/CFT

17/12/2024

The amendments will impose AML/CFT obligations on trustees, including requirements to maintain records on beneficial ownership.

Capital / Liquidity

HKMA Publishes Five Revised SPM Modules in Gazette

17/12/2024

The revised modules mainly include updates to cater for the implementation of Basel III rules on exposure limits and liquidity.