Regulatory News

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has removed Theint Win Htet, the daughter of Myanmar businessman Thein Win Zaw, from its Specially Designated Nationals and Blocked Persons (SDN) List.

U.S. regulators cite failures involving more than $5 billion in suspicious transactions, weak monitoring controls, and sanctions violations.

The International Monetary Fund and World Bank have released the ‘Bangkok Blueprint’, a framework for tackling cyber-enabled fraud.

The Hong Kong Monetary Authority (HKMA) announced today (15 October) the “ART” Framework to support the responsible adoption of artificial intelligence (A.I.) in the banking sector, fostering an A.I.-enabled banking ecosystem with Accountability, Resilience, and Trust.

The Chongqing and Hong Kong authorities announced today (14 October) the launch of the Chongqing-Hong Kong Cross-boundary Data Validation Platform (CQ-HK DVP).

The Securities and Futures Commission (SFC) has taken action against two groups suspected of being involved in fraudulent schemes to create a false or artificial appearance of demand for shares in initial public offerings (IPOs).