PEPs & Sanctions

OFAC Fines Italian Animation Company for Sanctions Violations

27/06/2024

Mondo TV made wire transfers via US financial institutions to an animation studio owned by the North Korean government.

Anti-Money Laundering

New AMLA to Receive EBA’s AML/CFT Powers by End 2025

27/06/2024

The EBA said it will transfer its AML/CFT powers and mandates to the AMLA by the end of December 2025.

Sustainable Finance

New Guidance Issued for Green Enabling Projects and SLLBs

26/06/2024

SLLBs, or “Sustainability-Linked Loan financing Bonds”, will enable issuers to finance or re-finance portfolios of sustainability-linked loans.

Conduct, Culture & Accountability

ASIC Issues Guidance on Communications Surveillance

26/06/2024

A new information sheet calls for market intermediaries to ensure effective monitoring and supervision of business communications.

Capital Adequacy

CFTC Approves Four Comparability Determinations for Foreign Jurisdictions

26/06/2024

Certain swap dealers in Japan, Mexico, the EU, and UK can satisfy certain US capital and financial reporting requirements by complying with home country rules.

PEPs & Sanctions

Canada Imposes Additional Sanctions Targeting Hamas

26/06/2024

The sanctions target nine individuals and two entities that facilitated, supported, and provided funding for the Hamas attacks on Israel last October.

PEPs & Sanctions

OFAC Targets Iranian ‘Shadow Banking’ Network With Sanctions

26/06/2024

The sanctions target 25 companies based in Hong Kong, 13 in UAE, five in Iran, and one each in Türkiye and Marshall Islands.

Tokenisation

France, Luxembourg Publish Results of Bond Tokenisation Project

26/06/2024

Project Venus highlighted the potential for wCBDC and DLTs to improve access, security, and efficiency of digital capital markets.

KYC & CDD

Vietnam to Require Biometric Authentication for Money Transfers

26/06/2024

The new regulation also prohibits individuals from buying, selling, renting, leasing, or borrowing transaction accounts.