Enforcement

SEC Lawsuit Against Binance May Proceed, Court Rules

03/07/2024

Binance already settled DOJ, Treasury and CFTC charges for $4.3bn, but the SEC’s case was not included in the settlement.

Securities / Derivatives

PBOC Set to Start Short-selling Government Bonds

03/07/2024

The PBOC said it will borrow government bonds from primary dealers in the open market, which would be a first for the central bank.

Capital / Liquidity

China Releases Second Draft of New Financial Stability Law

02/07/2024

The draft requirements for FIs to provide collateral to secure rescue funds from the new Financial Stability Guarantee Fund.

Capital / Liquidity

US Banks Pass Fed Stress Test, Declare Higher Dividends

02/07/2024

The “severely adverse” scenario showed that all 31 big banks tested could absorb nearly $685bn in losses and continue lending.

ESG / Sustainability

Hong Kong Launches Green FinTech Support Scheme

02/07/2024

The scheme aims to provide early-stage funding for green fintechs and ultimately improve sustainability reporting in Hong Kong.

AML / KYC

Wolfsberg Group Calls for More Effective Approach to SARs/STRs

01/07/2024

Wolfsberg Group says the value being derived from the constantly increasing volume of SARs/STRs is not contributing proportionately to effective outcomes.

AML / KYC

FATF Adds Monaco, Venezuela to Grey List; Removes Two Others

01/07/2024

The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.

Crypto / Digital Assets

Korea: FSS, KISA to Collaborate on Crypto Investigations

27/06/2024

The MoU will establish a cooperative investigation system between the FSS and KISA for cyber incidents that disrupt the virtual asset market.

AML / KYC

Vietnam Made “Minimal Progress” to Address AML Deficiencies

27/06/2024

Vietnam was upgraded on just one recommendation for strengthening its correspondent banking requirements. The country is moved to enhanced follow-up.