Sanctions

AML / KYC

China Issues New Rules to Protect from Foreign Sanctions

By Manesh Samtani | 11/01/2021

Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.

Sanctions

US Banks to Delist Hong Kong Listed Structured Products

By Manesh Samtani | 11/01/2021

The move is said to be a direct result of a prohibition on US persons from purchasing shares in companies identified to be linked to the Chinese military.

AML / KYC

White House Bans US Transactions With Chinese Payment Apps

By Editors | 06/01/2021

White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.

AML / KYC

OFAC Extends Chinese Military Company Ban to Subsidiaries

By Editors | 03/01/2021

In a set of FAQs, OFAC has clarified that Executive Order 13959 also applies to subsidiaries, derivatives, ETFs, index funds and mutual funds.

Fintech / Regtech

US Regulators Call for Responsible Stablecoin Design, Operation

By Editors | 31/12/2020

Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.

Press Release

Regulation Asia: Top Ten Contributed Articles for 2020

By Editors | 22/12/2020

This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.

AML / KYC

ISDA Offers Guidance on Addressing Sanctions in Trading Agreements

By Editors | 20/12/2020

The guidance note helps parties consider whether it may be appropriate to include specific sanctions provisions in ISDA documentation.

Press Release

Dow Jones Risk & Compliance Wins Best Solution in PEPs, Sanctions Screening

By Editors | 15/12/2020

Dow Jones Risk & Compliance offers comprehensive screening for PEPs, sanctions risk, and adverse media, allowing for integration with existing workflows and providing certainty on risk.

Press Release

SWIFT Recognised for KYC Registry, Sanctions Testing Service

By Editors | 15/12/2020

SWIFT offers a secure platform that streamlines the collection of predefined KYC information, and a service to test FIs’ sanctions screening systems for effectiveness.