Sanctions

US Sanctions Chinese Oil Refinery for Buying Iranian Oil

21/03/2025

8 vessels and 12 additional entities were also sanctioned, including the owner of an oil storage terminal in China’s Huizhou Port.

Market Infrastructure

Hong Kong Passes Cybersecurity Law to Protect Critical Infrastructure

20/03/2025

The law establishes requirements for operators of critical infrastructure, including in banking and financial services, to safeguard their computer systems from cyberattacks.

Capital / Liquidity

Singapore Banks to Take Steps to Reduce Excess Capital – Report

19/03/2025

S&P Global Ratings says the Basel reforms raised capital ratios at Singapore banks, and they are now likely to take steps to cut back on this excess capital.

Sanctions

OFAC Imposes New Sanctions Targeting Iranian Oil Deliveries to China

14/03/2025

Targets include entities in Hong Kong, Mainland China, India, Singapore, Indonesia, Bangladesh, Sri Lanka

Capital / Liquidity

BCBS to Study Bank Practices on ICT Risk Management, SRTs

14/03/2025

BCBS will analyse banks’ ICT risk management practices and, separately, how they use SRTs to transfer credit risk to NBFIs.

Crypto / Digital Assets

GDF Warns ASIC Against Overregulating Digital Assets

14/03/2025

ASIC should create a dedicated regulatory framework instead of primarily lifting from existing requirements, GDF says.

Fintech / Regtech

IOSCO Proposes Recommendations to Address “Neo-broker” Risks

13/03/2025

The recommendations aim to protect retail investors by enhancing the transparency, fairness, and integrity of neo-brokers’ operations.

Crypto / Digital Assets

KSD to Launch Security Token ‘Testbed’ Platform in June

10/03/2025

Once legislative amendments are implemented, the testbed platform will be converted into an operating environment.

AML / KYC

US, EU Authorities Shut Down Russian Crypto Exchange Garantex

09/03/2025

The takedown operation came after the EU sanctioned Garantex, prompting Tether to block wallets on the platform holding more than $26mn.