Cryptocurrency

US SEC Denies Coinbase Rule-making Petition

17/12/2023

SEC Chair Gary Gensler said the existing securities regime already appropriately governs crypto asset securities.

Supervision & Enforcement

Australia Appoints NEW AUSTRAC CEO for Five Year Term

17/12/2023

Brendan Thomas from the NSW Department of Communities and Justice will replace Nicole Rose effective 29 January 2024.

Structural Regulation

HKEX Appoints Bonnie Chan to be Next Chief Executive

17/12/2023

HKEX Head of Listing and Co-Chief Operating Officer will take over as CEO from Nicolas Aguzin on 24 May 2024.

Trading & Investment

China to Consider Launch of First Saudi-Focused Mutual Fund

17/12/2023

Huatai-PineBridge Fund Management is seeking approval to launch a mutual fund for Chinese investors that tracks the Saudi market.

Anti-Money Laundering

India, US Pledge to Cooperate on Global Illicit Finance Risks

17/12/2023

Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.

PEPs & Sanctions

UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action

16/12/2023

US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.

PEPs & Sanctions

HK Amends National Security Law to Facilitate Asset Freezes

15/12/2023

The national security law has been amended to allow assets to be frozen “until the conclusion of the proceedings” such as criminal prosecutions.

Anti-Bribery & Corruption

US Congress Passes Foreign Extortion Prevention Act

15/12/2023

The Act prohibits foreign government officials from soliciting or receiving bribes from any person or company under US jurisdiction.

Anti-Bribery & Corruption

Former Bank of China Branch Head Jailed for Life for Embezzlement

15/12/2023

Xu Guojun and accomplices embezzled and misappropriated over $323mn in China’s banking sector’s biggest-ever corruption case.