ADVERTISEMENT
AML / KYC
SFC to Collect More Granular Data from Licenced Firms
By Manesh Samtani | 30/12/2022
Many of the new questions in the SFC’s updated BRMQ focus on AML/CFT practices and brokerage business controls.
Sanctions
Russia, Iran Spend Billions on New Trade Route – Report
By Sanday Chongo Kabange | 28/12/2022
Russia and Iran are investing an estimated USD 25 billion in the new 3,000 km trade route. The existing route is 14,000 km long.
Sanctions
EU Facing Legal Challenge Over Anti-Russia Sanctions
By Editors | 26/12/2022
One company and 61 individuals are seeking to challenge what they view as a violation of their rights, and the freezing of their assets by EU authorities.
Crypto / Digital Assets
FINRA Issues Additional Guidance on Ransomware Risk
By Sanday Chongo Kabange | 22/12/2022
Attacks have proliferated due to the increased use of technology, continued adoption of cryptocurrencies, and the emergence of Ransomware-as-a-Service models.
Sanctions
UK Ban on Providing Trust Services to Russia Takes Effect
By Editors | 22/12/2022
Professional services ban expanded from accounting, consulting and PR services to include trust, advertising, auditing, engineering and IT consultancy and design services.
Sanctions
Canada to Seize Russian Assets to Finance Ukraine
By Editors | 22/12/2022
Canada will attempt to seize assets from a company owned by sanctioned Russian oligarch Roman Abramovich, and use the proceeds for Ukraine’s reconstruction.
Sanctions
US, EU Announce Additional Sanctions Against Russia
By Editors | 19/12/2022
The US imposed new sanctions against Russian FIs and the country’s richest businessmen. The European Council adopted a ninth sanctions package against Russia.
Sanctions
US Adds Chinese Chipmakers, AI Firms to Trade Blacklist
By Editors | 19/12/2022
The move builds on new export controls announced in October, which were designed to prevent the transfer of advanced technology to China’s military, intelligence and security services.
AML / KYC
FinCEN Proposes Rules on Access to Beneficial Ownership Information
By Editors | 18/12/2022
The proposed rule also sets out requirements for institutions to have systems and controls to securely store beneficial ownership information and limit its access.
Sanctions
New Russia, Iran Sanctions Imposed Over Drone Use in Ukraine
By Mark Johnston | 16/12/2022
The UK, EU and New Zealand has announced new sanctions against Iranian individuals and entities over the supply of drones to Russia.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.