PEPs & Sanctions

OFAC Adds More Belarus Officials to Sanctions List

27/03/2023

The sanctions target Alexander Lukashenko’s presidential aircraft, two major automotive manufacturers, and election officials.

PEPs & Sanctions

New US Sanctions Target Myanmar Jet Fuel Supplies

27/03/2023

OFAC published an alert explaining the sanctions risks associated with providing jet fuel to Myanmar’s military regime.

Clearing & Post-Trade

SWIFT Pilots Blockchain Solution to Tackle Corporate Actions Frictions

27/03/2023

The solution demonstrated the potential to reduce manual effort and errors in corporate action processing and deliver operational efficiencies.

KYC & CDD

AUSTRAC Issues Guidance on Employee Due Diligence

27/03/2023

Guidance is provided on screening and re-screening employees and contractors for money laundering and terrorism financing risks.

Structural Regulation

HKEX Finalises New Listing Rules for Specialist Tech Firms

27/03/2023

HKEX has lowered the threshold for specialist tech firms to list on its exchange and made other refinements. The rules take effect from 31 March.

Liquidity Risk

US Lender PacWest Facing Lawsuit Despite Securing Lifeline

27/03/2023

Regional bank PacWest secured $1.4bn in additional liquidity via Atlas SP Partners, an investment firm launched out of Credit Suisse’s securitised-products group.

Fraud, Scams & Cybercrime

US DOJ Arrests and Charges Founder of Hacker Forum

25/03/2023

BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.

PEPs & Sanctions

Credit Suisse, UBS Under US Sanctions Probe – Report

24/03/2023

Credit Suisse and UBS were included in a wave of subpoenas sent out by the DOJ before their merger agreement was announced.

Fraud, Scams & Cybercrime

UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged

24/03/2023

Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.