United States

Sanctions

OFAC Publishes Final Rule Extending Record-keeping Requirements

By Editors | 24/03/2025

The extension of record-keeping requirements is meant to align with the extension of the statute of limitations for sanctions violations.

Crypto / Digital Assets

Korean Authorities Investigate Bithumb Over Embezzlement

By Thisanka Siripala | 21/03/2025

The investigation centres on claims that Bithumb financed a USD 2 million apartment deposit for its former CEO.

Sanctions

US Sanctions Chinese Oil Refinery for Buying Iranian Oil

By Manesh Samtani | 21/03/2025

8 vessels and 12 additional entities were also sanctioned, including the owner of an oil storage terminal in China’s Huizhou Port.

Capital / Liquidity

Taiwan Mandates Central Clearing for TWD Interest Rate Swaps

By Mark Johnston | 20/03/2025

TAIFEX launched OTC clearing services for TWD IRS contracts in 2022, but central clearing has not yet been mandatory.

Crypto / Digital Assets

MAS Grants In-Principle Approval to Crypto Major Cumberland

By Nithya Subramanian | 19/03/2025

Cumberland’s regulatory progress in Singapore comes after the US SEC agreed to drop its lawsuit against the firm earlier this month.

Sanctions

US Sanctions Thai Officials Over Deportation of Uyghurs to China

By Nithya Subramanian | 18/03/2025

The US has implemented a new visa restriction policy to deter countries from repatriating Uyghurs and other groups to China.

AML / KYC

Thailand Tightens Industry Controls Against Mule Accounts

By Nithya Subramanian | 18/03/2025

Previous regulatory measures targeting money mules have pushed fraudsters to try to exploit corporate accounts.

Crypto / Digital Assets

Coinbase Secures Registration with India’s Financial Intelligence Unit

By Nithya Subramanian | 17/03/2025

Coinbase, which was forced to exit the Indian market in 2022, now plans to re-launch retail services later this year.

Securities / Derivatives

Thai SEC Updates Rules to Allow Leveraged & Inverse ETFs

By Mark Johnston | 17/03/2025

Thailand’s securities watchdog greenlights new regulations on leveraged and inverse ETFs, opening up new investment products to the market.