United States

Trading & Investment

CFTC Revokes US Trading Permissions for TAIEX Futures

By Manesh Samtani | 04/08/2024

TSMC’s heavy TAIEX weighting means the index no longer meets the definition of a broad-based security index.

Sustainable Finance

Thailand Revises Tax Incentive Programme to Promote ESG Funds

By Editors | 03/08/2024

The SEC is concurrently amending its regulations to give ESG fund managers more flexibility to invest in high quality listed companies.

Fraud, Scams & Cybercrime

Montenegro Confirms Decision to Extradite Do Kwon to Korea

By Manesh Samtani | 02/08/2024

The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.

Conduct, Culture & Accountability

US DOJ Launches Whistleblower Awards Pilot Programme

By Manesh Samtani | 02/08/2024

Whistleblower awards can be up to 30% of the first $100mn in assets forfeited and up to 5% of those between $100-500mn.

PEPs & Sanctions

OFAC Sanctions More Houthi Procurement Facilitators

By Editors | 02/08/2024

The sanctions target “key actors” located in China, Hong Kong, and Yemen who have “directly supported” the Houthis’ weapons procurement efforts.

Emerging Prudential Risks

BOJ Raises Interest Rate to Highest Level Since 2008

By Editors | 01/08/2024

The BOJ also said it would gradually reduce its monthly bond buying from JPY 6 trillion to JPY 3 trillion by Q1 2026.

Market Abuse

Prominent Short Seller Andrew Left Charged for Securities Fraud

By Editors | 31/07/2024

The DOJ and SEC said Andrew Left used social media and TV appearances to promote his trades, manipulate the market, and “make fast, easy money”.

Cryptocurrency

US Lawmaker Proposes to Create Strategic Bitcoin Reserve

By Editors | 31/07/2024

A Hong Kong lawmaker said including Bitcoin in the city’s strategic financial reserves is something that should be considered.

PEPs & Sanctions

Austria’s Raiffeisen Working to Sell 60pc of Russian Unit

By Editors | 31/07/2024

Raiffeisen is trying to coordinate with Russian, European and US authorities to sell a 60% stake in its Russian unit.