LATEST NEWS

Enforcement

Australian Court Rules Against ASIC in ‘Finder Earn’ Crypto Case

By Editors | 15/03/2024

The court ruled against ASIC’s contention that the crypto investment product known as ‘Finder Earn’ was a debenture and therefore required authorisation.

Korea: Woori Achieves Full Privatisation 26 Years After Bailout

By Editors | 15/03/2024

Woori Financial Group, born through a merger of banks in the aftermath of the Asian financial crisis in 2018, is now fully privatised.

Enforcement

OFAC Penalises Swiss Bank for Apparent Sanctions Violations

By Editors | 15/03/2024

OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.

Fintech / Regtech

PBOC Releases Payment Services Guide for Foreign Visitors

By Editors | 14/03/2024

The guide introduces and provides instructions on a variety of payment methods available to foreigners in China.

Capital / Liquidity

ECB Announces Changes to Operational Framework

By Editors | 14/03/2024

The ECB will shrink its balance sheet, purge the system of excess liquidity, and incentivise banks to lend to each other.

Crypto / Digital Assets

Thai SEC to Allow Private Funds to Invest in Spot Crypto ETFs

By Editors | 14/03/2024

SEC Secretary General Pornanong Budsaratragoon said the funds can only be offered to institutional investors and ultra-high-net-worth investors.

Sanctions

US Extends Iran Sanctions Waiver Used by Iraq

By Editors | 14/03/2024

The waiver allows Iraq to pay Iran for electricity and natural gas imports into escrow accounts, where the funds can only be used for humanitarian supplies.

Capital / Liquidity

Bangladesh Introduces Strict Measures Targeting Wilful Defaulters

By Ajoy K Das | 14/03/2024

Wilful defaulters will not be allowed to travel, secure trade licences, register companies, or serve as a director of any financial institution.

Sanctions

EU Considers Sanctions Package Targeting Russia Facilitators

By Editors | 14/03/2024

The EU sanctions could target Belarus, North Korea, Iran and other third countries where entities enable Russian access to weapons and sensitive technology.