Sanctions

USD, EUR Banknotes Being Shipped to Russia Despite Sanctions – Report

14/08/2024

Russia has managed to circumvent sanctions blocking cash imports by arranging transport from countries including the UAE and Turkey.

AML / KYC

Bulgarian Man Extradited to US Over Illegal Exports to Russia

14/08/2024

Milan Dimitrov conspired with two others to use a Bulgarian company to receive export-controlled items from the US and transship them to Russia.

Enforcement

Beijing Prosecutors Charge 49 Former Zhongzhi Employees

13/08/2024

The wealth management firm filed for bankruptcy liquidation in January after declaring it was insolvent with up to $64bn in liabilities.

Enforcement

US Court Convicts Former Mozambique Official in Bribery Case

12/08/2024

Following a four-week trial in New York, Mozambique’s former finance minister was found guilty for accepting $7mn in bribes.

ESG / Sustainability

PBOC to Extend Decarbonisation Loan Support Until End 2027

12/08/2024

Under the programme, launched in 2021, FIs are asked to provide low-interest loans to companies and projects in clean energy, supported by central bank funding.

Crypto / Digital Assets

Thailand SEC Launches Digital Asset Regulatory Sandbox

12/08/2024

Six types of digital asset services will be allowed to participate in sandbox testing, subject to them meeting certain qualifications.

Sanctions

JPMorgan Requests Dismissal of NY Lawsuit Against Russia’s VTB

12/08/2024

JPMorgan said it is seeking to dismiss the lawsuit “against its will” because it faces uncertain risks if it violates an injunction issued by a Russian court.

Sanctions

US Lawmakers Call for Sanctions on Bangladeshi Officials

12/08/2024

Six lawmakers are calling for sanctions on two Bangladeshi officials who were responsible for the use of “disproportionate, unlawful force” to suppress protesters.

Securities / Derivatives

Cboe to Launch Options on VIX Futures on 14 October

11/08/2024

Cboe said the new options contracts will help market participants better manage portfolio risk and trade volatility, especially with the US election coming up.