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Securities / Derivatives
SET Unveils Three-Year Plan to Boost Thai Capital Market
By Mark Johnston | 21/01/2024
The plan includes support for ESG initiatives and the introduction of new products such as small size Thai shares and inverse ETFs.

Crypto / Digital Assets
Spot Bitcoin ETFs Not Suitable for Singapore Retail Investors: MAS
By Editors | 19/01/2024
Those who choose to trade spot Bitcoin ETFs in overseas markets must exercise extreme caution, MAS said.

Sanctions
OFAC Sanctions 18 Tankers for Russian Oil Price Cap Violations
By Editors | 19/01/2024
UAE based shipping company Hennesea and 18 of its vessels are subject to restrictions for transporting Russian crude at prices higher than the price cap.

Crypto / Digital Assets
US IRS Clarifies Crypto Tax Reporting Rules
By Mark Johnston | 19/01/2024
The IRS and Treasury clarify that crypto tax reporting rules will require issuing regulations before it goes into effect, which could take years.

Capital / Liquidity
US Regulator to Propose New Short-term Liquidity Rules for Banks
By Mark Johnston | 19/01/2024
OCC to introduce new short-term liquidity rules for larger and midsize banks and promote the use of the Fed’s discount window.

Crypto / Digital Assets
Thai SEC Updates Crypto Rules on Retail Access, Custody, Advertising
By Editors | 18/01/2024
The updates remove some restrictions on retail investors, support the creation of custodial wallet provider businesses, and reduce the documentary burden presented by advertising rules.

Enforcement
Former VP of US Bank Pleads Guilty to AML Violations
By Mark Johnston | 18/01/2024
Peter McVey helped high-risk customers evade the bank’s AML controls, violating the Bank Secrecy Act.

Sanctions
US Sanctions Prompt China Banks to Review Russia Business
By Editors | 18/01/2024
The threat of secondary sanctions has prompted Chinese state-owned banks to review their Russian business and sever ties with clients on the sanctions list.

Sanctions
US Redesignates Yemen’s Houthis as Global Terrorist Group
By Editors | 18/01/2024
The designation comes with sanctions that target the group’s sources of financing and restrict its access to financial markets.

Enforcement
US SEC Fines JP Morgan for Impeding Potential Whistleblowers
By Nithya Subramanian | 17/01/2024
The firm’s securities unit has been fined USD 18 million for disallowing clients from contacting the SEC.
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