Enforcement

Korea Dismantles Mobile Smishing Crime Organisation in Vietnam

24/09/2024

Seven key members of the organisation, including the ringleader, were apprehended. Three have since been repatriated to South Korea.

Market Infrastructure

Korea Proposes Tighter Rules for Credit Information Agencies

24/09/2024

The proposed amendments aim to address two primary issues: false evaluations and the coercion of credit information companies.

Sanctions

US Arrests Russian Man for Illicit Microelectronics Exports

23/09/2024

Several Hong Kong companies were used to purchase microelectronics from US distributors and export them to Russia.

Sanctions

Lebanese Man Pleads Guilty to Sanctions Evasion Conspiracy

23/09/2024

The man, designated as a specially designated global terrorist in May 2018, pleaded guilty to a conspiracy charge and agreed to forfeit $830,000.

Enforcement

JSDA Fines MUFG Units for Sharing Client Information

23/09/2024

Mitsubishi UFJ Bank and two affiliated securities firms were fined for sharing non-public information without permission.

Enforcement

Morgan Stanley Under Scrutiny in Korea for Stock Sale

23/09/2024

Morgan Stanley’s Seoul branch reportedly sold 1m SK Hynix shares two days before releasing research on the company.

Securities / Derivatives

HKEX Establishes Task Force to Develop New Funds Platform

23/09/2024

The task force comprises representatives from AllianceBernstein, Amundi, ASIFMA, Blackrock, HKIFA, Invesco and other firms.

Sanctions

EU Plans €35b Loan for Ukraine, Backed by Russian Assets

23/09/2024

The EU was initially planning to contribute about €18bn out of the total €45bn the G7 was planning to raise for Ukraine.

Securities / Derivatives

Thai SEC Issues Market Entry Guidelines for Foreign Firms

23/09/2024

The SEC said it will fast-track the licence approval process to better facilitate the entry of qualified foreign businesses into the Thai market.