Enforcement

Coal Miner Challenges Australia Sanctions Regime in Court

05/03/2024

Tigers Realm Coal produces coal in Russia but does not directly export it. DFAT alleges breach of sanctions, which Tigers Realm has challenged.

Sanctions

UK Launches Inquiry to Assess Russia Sanctions Programme

05/03/2024

The inquiry will also explore the confiscation of frozen Russian assets and whether sanctions should cover buyers of Russian oil and gas.

Big Picture

BIS Explores Design Features of Fast Payment Systems

05/03/2024

New BIS article outlines the main design features of fast payment systems that may foster adoption, such as allowing non-bank participation.

Securities / Derivatives

Cambodia Inaugurates New Securities Investors Association

05/03/2024

The new association will provide training and represent the investors on matters such as legal protection and market development.

Sanctions

US Sanctions Zimbabwe’s President, Other Officials

05/03/2024

The sanctions were issued under the Magnitsky programme. The Zimbabwe Sanctions Regulations have been terminated.

Fintech / Regtech

Malaysia, Cambodia Agree to Link Payment Systems

05/03/2024

BNM and NBC agreed to encourage the use of local currency settlement and to link their payment systems to enable cross-border QR payments.

Crypto / Digital Assets

UDPN Launches “All-in-One” Digital Currency Sandbox

05/03/2024

The sandbox contains technologies for CBDC, tokenised deposits, stablecoins, purpose-bound money, and security and bond tokenisation systems.

ESG / Sustainability

Japan to Require Emissions Disclosures from Top-tier Firms

05/03/2024

The FSA is expected to release draft standards by end-March proposing requirements for Prime Market companies to disclose supply chain emissions data.

AML / KYC

EU Parliament Adopts Framework for Digital Identity Wallet

05/03/2024

The EU wallet will be used on a voluntary basis, allowing EU citizens to identify and authenticate themselves online without using commercial providers.