Payments & Settlements

MAS Suspends Non-Bank, Non-Card Channels for China Remittances

19/12/2023

The move is a response to reports that remittances to China made by individuals in Singapore have been subsequently frozen by mainland law enforcement agencies.

Payments & Settlements

China Expands Pilot Programme to Boost Cross-border Trade and Investment

19/12/2023

The pilot programme, launched in 2022, is expanded to cover all of Shanghai, Jiangsu, Guangdong, Beijing, Zhejiang, and Hainan.

PEPs & Sanctions

EU Publishes Details of Latest Russia Sanctions Package

18/12/2023

EU adds 147 names to asset freeze list and bans diamond imports in its 12th round of sanctions against Russia since February 2022.

PEPs & Sanctions

Japan to Ban Russian Diamonds in Latest Round of Sanctions

18/12/2023

Japan imposes new round of asset freeze and trade restrictions against Russia, including ban on importing non-industrial diamonds.

Trading & Investment

CSRC Calls for Higher Dividends, Share Buybacks by Listed Companies

18/12/2023

Listed companies are asked to increase the frequency and amounts of their dividend payouts, and to boost share buybacks to “safeguard company value”.

PEPs & Sanctions

UK Introduces New Legislation to Expand Russia Sanctions

18/12/2023

The package targets exports of military goods to Russia and the import of Russian metals. New reporting obligations also introduced to improve sanctions compliance.

PEPs & Sanctions

EU Leaders Agree on 12th Russia Sanctions Package

18/12/2023

The package includes additional import and export bans and measures to better enforce the oil price cap. Agreement also reached on criminalisation of sanctions violations.

PEPs & Sanctions

Ex-FBI Agent Jailed for Helping Sanctioned Russian Oligarch

18/12/2023

Former FBI agent Charles McGonigal conspired to violate US sanctions and commit money laundering to help sanctioned Russian oligarch Oleg Deripaska.

Resolution & Recovery

FSB Outlines 2024 Priorities on Resolution-related Work

18/12/2023

The FSB will explore the adequacy of public sector backstop funding mechanisms and ways for resolution authorities to respond to the speed of bank runs.