Cryptocurrency

SEC Charges Crypto Firm Kraken for Operating Without Registration

21/11/2023

The SEC said Kraken’s failure to register deprived investors of “significant protections” and “safeguards against conflicts of interest”.

Trading & Investment

HKEX to Implement Position Limit Changes on 22 December

21/11/2023

The enhancements will boost the vibrancy and attractiveness of Hong Kong’s markets, said HKEX’s said Wilfred Yiu.

PEPs & Sanctions

US Adds Indian Firm to Entity List, Highlights Export Controls on Russia

20/11/2023

Commerce Department accuses the firm of supplying US-origin circuits to Russian defence companies, while also targeting firms supplying US-origin airline parts to Venezuela.

Conduct, Culture & Accountability

HKEX Pleased With Latest Findings from Corporate Governance Review

20/11/2023

The review found a reduction in long-serving INEDs and an increase in board diversity. HKEX has issued new guidance for INEDs.

Fraud, Scams & Cybercrime

Malaysia SC to Launch New Anti-Scam Search Portal by Year-End

20/11/2023

By mid 2024, BNM and PayNet will also have finished building the new National Fraud Portal, a “smart system” for tracing fund movements and identifying money mules.

Credit Risk

China Pushes FIs to Provide Financing to Property Firms

20/11/2023

Financial firms were asked to meet all “reasonable financing needs” of property firms. A “white list” of firms eligible to receive financing is being drafted.

Supervision & Enforcement

Australia Introduces Bill to Address Tax Adviser Misconduct

20/11/2023

Assistant Treasurer Stephen Jones said the bill introduces the “biggest government crackdown on tax adviser misconduct in Australian history”.

Climate Risk

Xi Jinping Pledges to Further Open China Market to Foreign Firms

20/11/2023

During Xi’s visit to the US, the two sides agreed to cooperate on addressing AI risks, climate change, and fentanyl trafficking.

Payments & Settlements

BIS Innovation Hub Unveils First Use Case for Project Mandala

20/11/2023

Project Mandala seeks to address disparate policy and regulatory frameworks across jurisdictions that hinder cross-border payments.