Sanctions

US Appeals Court Overturns Tornado Cash Sanctions

28/11/2024

The court said federal law only gives OFAC the authority to sanction property, and Tornado Cash’s smart contracts do not qualify as property.

Capital / Liquidity

MAS Revises Notice 637 on Risk-based Capital Adequacy

28/11/2024

MAS updated Notice 637, which sets out risk-based capital adequacy requirements for locally-incorporated banks.

Sanctions

US Imposes New Controls on Exports to Pakistan

27/11/2024

The new controls are being imposed on six categories of items being sought by entities on the Entity List for “regional stability reasons”.

Securities / Derivatives

SEBI Mandates Mark-to-Market Valuation for Mutual Fund Repo Transactions

27/11/2024

Mutual fund investments in repo transactions with tenors up to 30 days shall be valued on a mark-to-market basis.

Sanctions

Hong Kong Has Become a Money Laundering Hub, US Lawmakers Say

27/11/2024

US lawmakers are calling for a re-evaluation of the treatment of Hong Kong banks, saying the city has become a hub for money laundering and sanctions evasion.

Sanctions

UK Targets Russian Shadow Fleet With New Sanctions Package

27/11/2024

The UK sanctioned 30 ships in Russia’s shadow fleet and 2 insurance companies for enabling them to generate oil revenues.

Securities / Derivatives

Korea Releases Revision Bills on Measures to Prevent Naked Short-selling

27/11/2024

The revision bills specify details regarding the repayment period for borrowed stocks, internal control standards, and securities firm obligations, among other measures.

Sanctions

Japan Preparing to Ramp Up Sanctions on North Korea, Russia

26/11/2024

Officials are said to be particularly concerned about North Korean troop deployments to Russia and the implications for peace and security in the region.

Securities / Derivatives

SEBI Proposes to Diversify Ownership of Clearing Corporations

26/11/2024

SEBI proposes two options to diversify ownership of clearing corporations to allow them to operate as public utilities free from commercial, profit-making considerations.