Anti-Money Laundering

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.

PEPs & 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.

PEPs & 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.

Tokenisation

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.

Anti-Bribery & Corruption

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.

Climate Risk

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.

Cloud & Infrastructure

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.

Nature & Biodiversity

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.

Anti-Money Laundering

EBA Publishes Travel Rule Guidelines for Crypto Sector

05/07/2024

The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.