Enforcement

CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m

08/01/2025

The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product

Sanctions

US Adds Dozens More Chinese Tech Firms to Military Blacklist

08/01/2025

The new additions include Tencent, CATL, COSCO and others, alleging they work with China’s military and support its modernisation efforts.

Sanctions

US Adds Myanmar and China-based Companies to Entity List

07/01/2025

11 entities were added for supporting China’s military. Telecom provider Mytel was added for enabling surveillance of Myanmar people.

Securities / Derivatives

Philippine SEC Proposes Draft Framework for Sukuk Bonds

07/01/2025

Companies can only issue sukuk through special purpose vehicles created specifically for such issuances.

Sanctions

OFAC Fines Aviation Products Supplier for Russia Shipments

07/01/2025

OFAC attributed the violations to the firm’s failure to rescreen customers after their SDN designation, and inadequate sanctions compliance procedures

China Issues New Compliance Management Rules for FIs

07/01/2025

The new rules elevate the chief compliance officer role to a senior management position at all FIs nationwide.

Sanctions

US Eases Some Restrictions on Transactions in Syria

07/01/2025

Transactions with governing institutions in Syria allowed “even if a designated individual has a leadership role in that governing institution”

ESG / Sustainability

Taiwan FSC Establishes New Division to Promote Innovation

07/01/2025

The division will focus on formulating policy relating to fintech and innovation, green and transition finance, and financial market development.

Enforcement

Najib Razak House Arrest Claim Allowed to Proceed

07/01/2025

Najib Razak will claim that Malaysia’s former king issued a decree allowing the former PM to serve the rest of his jail term under house arrest.