AI Risk & Governance

MAS Released New Project MindForge Whitepaper

28/05/2024

Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.

Anti-Bribery & Corruption

China: Ex-Official Gets Life Sentence for Bribery, Insider Trading

28/05/2024

Cao Guangjing was convicted on bribery charges and for leaking information about the bailout plan of a Hubei listed company.

PEPs & Sanctions

EU Adopts New Human Rights Sanctions Regime for Russia

28/05/2024

The European Council has concurrently listed one entity and 19 natural persons under the new regime.

Cryptocurrency

US SEC Approves Rule Change for Spot Ether ETFs

27/05/2024

The rule change coincides with a deadline for the SEC to decide whether the VanEck Ethereum ETF could proceed.

PEPs & Sanctions

G7 to Expand Efforts to Combat Russia Sanctions Evasion

27/05/2024

The G7 Ministers pledged to expand efforts to ensure companies and FIs are not party to Russia’s circumvention schemes.

Structural Regulation

Hong Kong REITs Allowed to Repurchase Treasury Units

27/05/2024

The requirements for SFC-authorised REITs are similar to those applicable to other listed entities, following rule amendments made last month.

PEPs & Sanctions

S. Korea, Japan Announce Sanctions Targeting DPRK-Russia Arms Trade

27/05/2024

South Korea sanctioned seven North Korean individuals and two Russian vessels; Japan sanctioned 11 entities and one individual.

Reporting & Disclosures

IFRS Foundation, GRI Agree to Align Common Disclosures

25/05/2024

The IFRS Foundation and Global Reporting Initiative will work together to optimise how GRI and ISSB Standards can be used together.

Anti-Money Laundering

J5 Disseminates Risk Indicators Tied to Crypto Assets

24/05/2024

The risk indicators are intended to help financial institutions detect and report money laundering and illicit activities involving crypto assets.