Sanctions

    AML / KYC

    UK Sanctions More Russians, Restricts More Belarusian Trade

    By Editors | 06/07/2022

    Last week, the UK Parliament’s Foreign Affairs Committee published a report calling on the government to “act now” to tackle the flow of illicit finance through London.

    Market Infrastructure

    US Fed Delays ISO 20022 Implementation Until March 2025

    By Editors | 03/07/2022

    ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

    AML / KYC

    G7 Nations Announce Ban on Russian Gold Imports

    By Manesh Samtani | 30/06/2022

    The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

    AML / KYC

    Sanctions Force Russian Sovereign Debt Default

    By Editors | 28/06/2022

    Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

    AML / KYC

    US Sanctions Companies in HK, UAE for Iran-linked Dealings

    By Editors | 23/06/2022

    The sanctions came on the back of attempts by the US to restore the JCPOA, for which Iran is demanding some sanctions be lifted.

    AML / KYC

    Myanmar Considers Joining SPFS, Russia’s SWIFT Alternative

    By Editors | 21/06/2022

    Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.

    Market Infrastructure

    HKEX to Enhance Clearing Flexibility for Stock Trades – Report

    By Editors | 21/06/2022

    HKEX plans to allow market participants to appoint multiple clearing banks for stock trades, a move already made for futures traders.

    Securities / Derivatives

    Russian Exchange Starts Offering Trading in 12 Hong Kong Stocks

    By Editors | 21/06/2022

    HKEX is not involved in the initiative. The move is part of the Saint Petersburg Stock Exchange’s global issuer programme.

    Sanctions

    Myanmar Grants Exemptions to FX Conversion Rule Ban

    By Editors | 17/06/2022

    Myanmar is granting granted an exemption to select companies involved in FDI approved by the Myanmar Investment Commission.

    AML / KYC

    UK OFSI Gets Stronger Powers to Punish Sanctions Breaches

    By Editors | 16/06/2022

    OFSI will no longer have to prove a person had knowledge or reasonable cause to suspect they were in breach of sanctions to impose a civil penalty.

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