Sanctions

US Treasury Proposes to Expand Jurisdictional Reach of CFIUS

09/07/2024

The proposed rule adds 56 military installations to the list of installations around which CFIUS has jurisdiction.

Capital / Liquidity

BCBS Consults on Technical Amendments and New FAQs

09/07/2024

One amendment addresses an inconsistency in how “specialised lending” is defined between the SA and IRB approach to credit risk.

Securities / Derivatives

KRX, Naver to Collaborate on Market, Cyber Surveillance

08/07/2024

A key component of the collaboration is to increase monitoring of Naver Pay’s stock discussion rooms and “Shareholder Open Talk” communities.

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.