Sanctions

Russia, Iran Integrate National Payment Systems

08/07/2024

Work to link Russia’s MIR network and Iran’s Shetab has been finalised. Agreement also signed on use of national currencies.

AML / KYC

Nordea Charged for Laundering $3.8b for Russian Clients

08/07/2024

Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

Sanctions

US Working on Plan to Target Russian ‘Shadow Fleet’ Vessels

08/07/2024

The US is reportedly looking to impose specific penalties on Russian shadow fleet tankers but the effort has stalled.

Sanctions

Iran’s New President Seeks Lifting of Sanctions

08/07/2024

New President Masoud Pezeshkian has indicated Iran would seek greater engagement with the US and a revival of the JCPOA.

Crypto / Digital Assets

Schroders Launches Pilot Project to Tokenisation ILS Assets

06/07/2024

The project aims to enhance transparency, streamline investment processes and improve client experience in the reinsurance sector.

Enforcement

China Probes Former Top Official of Banking Association

05/07/2024

New probes against two former officials of Agricultural Bank of China. Former CITIC official referred for criminal prosecution.

ESG / Sustainability

China Releases New Draft Rules for National Carbon Market

05/07/2024

The new rules change the way emissions targets are set and aim to reduce the oversupply of allowances in the market.

AML / KYC

GLEIF Forms New Advisory Board to Promote vLEI Adoption

05/07/2024

The vLEI Technical Advisory Board will provide technical, governance, and developmental support to the vLEI stakeholder ecosystem as it grows.

ESG / Sustainability

NGFS Publishes New Reports on Nature-related Risks

05/07/2024

The first report offers a conceptual framework for nature-related financial risks. The second focuses on nature-related litigation.