Crypto / Digital Assets

EBA Delivers Final Batch of MiCA Technical Standards

19/06/2024

14 technical standards and 3 guidelines have been finalised and published, completing EBA’s delivery of technical standards under the MiCA regime.

ESG / Sustainability

Japan FSA Working to Enhance Transparency of Shareholders

19/06/2024

Custodians typically exercise voting rights based on instructions from beneficial shareholders, but it is often difficult to identify who those shareholders are.

AML / KYC

HSBC Breached AML Obligations in Switzerland: FINMA

19/06/2024

HSBC’s Swiss private banking unit is prohibited from onboarding new PEPs until an auditor has confirmed its compliance with FINMA’s orders.

Enforcement

CFTC Settles Charges Against Trafigura for $55m

18/06/2024

This is the first time the CFTC has taken action against a firm for impeding whistleblower communications, a move being criticised by two commissioners.

AML / KYC

Japan to Tighten AML Controls to Target Organised Crime

18/06/2024

Prompted by a $444mn money laundering case, Japanese regulators will ask banks to do more to detect criminal abuse of accounts.

AML / KYC

RUSI Identifies Typologies of Abuse of FATF Standards

17/06/2024

RUSI identifies five major ways the FATF standards can be weaponised by authoritarian regimes to crack down on dissent and activism.

Fintech / Regtech

HK PCPD Issues Personal Data Protection Framework for AI

14/06/2024

The new model framework offers recommendations on AI governance, risk management, and personal data security, among other areas.

Securities / Derivatives

HKEX Lists First Specialist Tech Firm Under Chapter 18C Regime

14/06/2024

HKEX established the Chapter 18C listing regime last year to support fundraising by innovative technology firms.

Securities / Derivatives

FSC Korea Outlines Roadmap for Resuming Short Selling

14/06/2024

The FSC formally extended the short-selling ban until 30 March 2025 and announced reform measures to prevent naked short-selling.