Cryptocurrency

US SEC Secures $275,000 Settlement from Crypto Firm ShapeShift

07/03/2024

SEC Commissioners Hester Peirce and Mark Uyeda issued a joint statement expressing disagreement with the enforcement action.

PEPs & Sanctions

OFAC Sanctions Two More Vessels for Supporting Houthis

07/03/2024

The sanctions also target Hong Kong-based and Marshall Islands-based companies, which own the two vessels.

Credit Risk

HK Banks Stop Offering Mortgage Loans for Speculation

07/03/2024

Many banks have stopped providing mortgages for confirmor transactions, due to signs that speculative interest is reemerging in the property market.

Anti-Money Laundering

FCA Gives Firms 6 Months to Address Financial Crime Concerns

07/03/2024

The regulator found controls that haven’t kept pace with business growth, firms that aren’t properly resourced, and failures to properly assess risks.

Trading & Investment

Japan to Permanently Cease Euroyen TIBOR on 30 December

07/03/2024

ISDA confirmed that the announcement from JBA TIBOR Administration “constitutes an index cessation event”.

Anti-Money Laundering

BSP to Enhance Reporting Rules for Money Services Businesses

06/03/2024

MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.

Trading & Investment

Bursa Malaysia to Launch New Soyoil Futures on 18 March

06/03/2024

The new futures contract is made possible by a licensing agreement signed with the Dalian Commodity Exchange last year.

PEPs & Sanctions

OFAC Sanctions Members of Spyware Consortium

06/03/2024

The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.

Trading & Investment

China: Major Insurers Ready to Invest in Stock Market

06/03/2024

China Life Insurance and New China Life Insurance have finished setting up a new fund that will be used to invest in and support the stock market.