Financial Crime

PEPs & Sanctions

OFAC Announces Two New Settlements for Sanctions Violations

By Editors | 20/12/2024

An individual US person violated Magnitsky sanctions and a US manufacturer of musical instruments violated Iran sanctions.

PEPs & Sanctions

US Announced Sanctions Targeting Nord Stream 2 Project

By Editors | 20/12/2024

The sanctions are intended to hinder any efforts to revive the project and limit Russia’s ability to generate energy revenues.

Anti-Bribery & Corruption

Hong Kong ICAC, Competition Commission to Enhance Collaboration

By Manesh Samtani | 19/12/2024

The ICAC and the Competition Commission signed an MoU to enhance collaboration in combating corruption and anti-competitive conduct

Market Risk

PBOC Warns FIs Against Excessive Bond Market Trading

By Manesh Samtani | 19/12/2024

The PBOC revealed that comprehensive investigations were underway to crack down on possible bond market violations.

Market Abuse

JSDA Fines Nomura Over JGB Futures Manipulation Case

By Editors | 19/12/2024

The FSA, OSE and TSE have each already penalised Nomura Securities for JGB futures manipulation by one of its traders in March 2021.

PEPs & Sanctions

US Sanctions 7 Targets for Aiding Iranian UAV Development

By Editors | 19/12/2024

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

PEPs & Sanctions

Europe Announces Measures to Counter Russian Shadow Fleet

By Editors | 19/12/2024

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

PEPs & Sanctions

South Korea Imposes Sanctions Over Russia-DPRK Cooperation

By Editors | 18/12/2024

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

Structural Regulation

SEBI Tightens Norms on Issuance of ODIs by FPIs

By Editors | 18/12/2024

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