Our in-brief roundup of notable stories from last week.

UBS calls measures "extreme" and says they are "neither proportional nor internationally aligned."

Other news includes China threatening legal action against companies taking US guidance not to buy Chinese chips, and the UK sanctioning an accountant for buying oil tankers for Lukoil.

Other news includes Nvidia planning an R&D center in Shanghai, the SEC and FINRA withdrawing a joint crypto custody statement, and the CEO of Novo Nordisk stepping down.

This latest action by FINMA serves as a reminder to all financial institutions of the critical importance of adhering to AML regulations and maintaining rigorous due diligence processes.

Other news includes a whistleblower testifying that Facebook was working with CCP on censorship, Treasury announcing the rollback of 15 rules and guidance statements, and the publication of several ESMA documents.

The GRIP team looks into the crystal ball and does some plain speaking about what the future might bring - this time looking at general trends in enforcement action by regulators globally.

The new circular sets out the regulator’s expectations centered on providing investors with adequate information to enable them to make informed investment decisions.