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Market Infrastructure
Clearstream to Open Up Access to Korea Treasury Bonds
By Editors | 08/12/2022
The move comes after Korea passed a bill exempting non-residents and foreign corporations from having to pay income and capital gains tax on government bonds.
Enforcement
Swiss Competition Commission Opens Probe Into 34 Banks
By Editors | 07/12/2022
The banks regularly exchanged information about the salaries of certain categories of employees, potentially breaching Switzerland’s antitrust law.
AML / KYC
International Operation Targeting Money Mules Yields 2,500 Arrests
By Editors | 07/12/2022
The operation involved law enforcement agencies in 25 countries including Singapore and Australia, supported by Europol, Eurojust, INTERPOL and the EBF.
Crypto / Digital Assets
HashKey, SEBA Form Partnership to Drive Digital Assets Adoption
By Editors | 06/12/2022
The groups will collaborate to accelerate the institutional adoption of digital assets in Hong Kong and Switzerland.
Market Infrastructure
LME Defends March Decision to Cancel Nickel Trades
By Mark Johnston | 05/12/2022
The LME said a dozen of its members would have defaulted if it did not cancel the nickel trades in March 2022.
Securities / Derivatives
Euroclear to Link Global Investors to Korea Treasury Bonds
By Editors | 05/12/2022
Euroclear Bank and Korea Securities Depository will collaborate to provide international investors post trade access to Korea treasury bonds and monetary stabilisation bonds.
Enforcement
UK Regulator Fines Barclays Over Non Transparent Card Fees
By Editors | 04/12/2022
Barclays was fined by the PSR for failing to give retailers full information about the costs of its card services for three years.
AML / KYC
G7 Powers Set to Implement Oil Price Cap on Russian Crude
By Editors | 04/12/2022
EU ban on seaborne crude oil imports from Russia to take effect. G7 oil price cap will only insurers to cover vessels carrying Russian crude sold under USD 60.
Sanctions
EU Proposes to Use Russian Assets to Rebuild Ukraine
By Editors | 04/12/2022
Frozen Russian assets would be actively managed to generate a “stable and fair net return” to help fund reconstruction efforts in Ukraine.
AML / KYC
UK Sanctions 22 Russian Officials for Conscription Efforts
By Editors | 04/12/2022
The sanctions target officials who have promoted and enforced the conscription of citizens to fight in Russia’s “illegal war in Ukraine”.
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