Cryptocurrency

FCA Finalises Guidance on Cryptoasset Financial Promotions

05/11/2023

Crypto promotions should apply the Consumer Duty; finfluencers should disclose commercial relationships; regulated status should not be used in a promotional way.

Anti-Money Laundering

Japanese Regional Banks Form Partnership on AML/CFT

05/11/2023

Three regional banks will use the same centralised service platform to perform AML/CFT operations.

Anti-Bribery & Corruption

China Bars CCP Officials from Investing in PE Funds

05/11/2023

The CCDI said it found Party officials who abused their powers to support firms they’d invested in through PE funds.

Fraud, Scams & Cybercrime

US Jury Convicts FTX’s Sam Bankman-Fried on Fraud Charges

03/11/2023

Bankman-Fried faces up to 110 years in prison when he is sentenced in March. He also faces another trial for alleged foreign bribery and bank fraud conspiracies.

Trading & Investment

Bursa Malaysia Enables Investor Access to Chinese Soybean Oil Price

03/11/2023

This is the first time a Chinese derivatives exchange has authorised an Asian exchange to incorporate Chinese commodity futures settlement prices into a product offering.

Tokenisation

HSBC Tokenises Ownership of Physical Gold

03/11/2023

HSBC has developed the capability to create a ‘digital twin’ of physical gold that is custodied in its London vault.

PEPs & Sanctions

US Targets Entities in China, Turkey, UAE in Latest Round of Russia Sanctions

03/11/2023

US Treasury and State Departments sanction more than 200 targets in several countries, as US Commerce Department adds 13 Russian companies to its Entity List.

Trading & Investment

Taiwan to Further Reduce Quotation Intervals for Odd-lot Trading

03/11/2023

Quotation intervals for intraday odd-lot trading will be reduced from 10 seconds to five seconds, effective from 27 November.

Liquidity Risk

China Probing Disruption in Short-term Borrowing Market

02/11/2023

Institutions that settled trades at excessively high rates are asked to submit explanations about their decision-making and bidding process.