PEPs & Sanctions

UK, Canada Announce New Russia Sanctions at G7 Summit

14/06/2024

The UK’s 50 targets include Moscow Exchange and five China-based entities. Canada’s sanctions target 11 individuals and 16 entities.

Liquidity Risk

Taiwan Central Bank Raises RRR to Cool Property Market

14/06/2024

The RRR increase came alongside a new round of real estate control measures which lowered the maximum LTV ratio for second homes in designated areas.

Cryptocurrency

Taiwan Crypto Industry Launches New “VASP Association”

14/06/2024

The VASP Association is charged with developing self-regulatory guidelines and best practices for the crypto industry.

PEPs & Sanctions

G7 to Raise $50bn for Ukraine Using Frozen Russian Assets

13/06/2024

A $50bn loan will be taken out and the interest will be paid using profits generated by frozen Russian assets.

PEPs & Sanctions

US Court Jails Two Over Sanctions Evasion Scheme

13/06/2024

A Chinese national and US citizen were jailed for attempting to broker illicit oil sales between Iran and China and launder the proceeds.

Clearing & Post-Trade

Sri Lanka Completes Transition to Shorter Settlement Cycle

13/06/2024

The CSE described the transition from T+3 to T+2 for equity trades as “seamless” and a “significant milestone”.

Fraud, Scams & Cybercrime

Terraform, Do Kwon Agree $4.6b Settlement With US SEC

13/06/2024

The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

PEPs & Sanctions

US Authorities Arrest Two for Illegal Russia Export Scheme

13/06/2024

The two men engaged in a scheme to covertly sell snowmobiles to Russia through an intermediary company in Hong Kong.

Structural Regulation

China Considers Tighter Fund Selling Rules for Banks

13/06/2024

The NFRA is considering revisions that would block banks from selling private fund products, including hedge funds.