Anti-Money Laundering

Russian Nationals Charged With Hacking Mt Gox and Operating BTC-e

12/06/2023

The DOJ unsealed charges against two Russian nationals for the 2011 hack of the Mt Gox crypto exchange and for laundering the proceeds.

Climate Risk

APRA Adds Climate Change Risk to New Statement of Intent

12/06/2023

A key update is the explicit inclusion of climate-related financial risks as a consideration for APRA’s duties.

DeFi & Web3

CFTC Triumphs in Landmark Case, Establishing Legal Liability for Ooki DAO

12/06/2023

The judgment also imposes a fine, permanent trading and registration bans, the shutdown of Ooki DAO’s website, and the removal of its online content.

Structural Regulation

CSRC Grants New Fund Manager Licence to Schroders

12/06/2023

Schroders becomes the fourth foreign-owned asset manager to set up businesses in China, after BlackRock, Fidelity Investments, and Neuberger Berman.

Structural Regulation

India: Appeals Tribunal Reverses SEBI Licence Cancellation Order

11/06/2023

The Securities Appellate Tribunal said SEBI’s order to cancel the licence of Brickwork Ratings was “unjustified” and “not commensurate” with the alleged violations.

Cryptocurrency

UK: New Rules for Advertising Crypto to Take Effect in October

11/06/2023

All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the new rules.

Resolution & Recovery

Credit Suisse Rescue Deal to Undergo Parliamentary Probe

11/06/2023

UBS has meanwhile finalised a guarantee agreement with the Swiss government and is now expected to close its Credit Suisse acquisition on Monday (12 June).

PEPs & Sanctions

EU Council Seeks to Criminalise Sanctions Circumvention

10/06/2023

EU member states would be obligated to criminalise sanctions circumvention, including activities to help bypass an EU travel ban or trade in sanctioned goods.

Structural Regulation

Bank Negara Malaysia Announces New Governor

09/06/2023

Outgoing governor Nor Shamsiah said she is confident that Abdul Rasheed Abdul Ghaffour is the “right person” to helm BMN as governor.