ESG / Sustainability

ISDA Offers Recommendations to Address Greenwashing in VCMs

21/04/2024

Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.

Sanctions

US Sanctions Four Entities Over Pakistan Missile Inputs

21/04/2024

One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.

Sanctions

US, EU Issue New Sanctions Over Settler Violence in West Bank

21/04/2024

OFAC’s sanctions target two entities that helped raise funds for two already-designated Israeli settlers. The EU sanctions target four individuals and two entities.

Sanctions

US Reimposes Sanctions on Venezuela’s Oil and Gas Sectors

20/04/2024

Venezuela has fallen short of its commitments in terms of opening up the democratic and electoral process, US officials said.

Crypto / Digital Assets

UK Banks Launch Digital Money Experimental Phase

19/04/2024

Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.

Sanctions

US, UK Unveil Initial Sanctions Response to Iran’s Airstrike

18/04/2024

The US sanctions target Iran’s drone production, steel industry and auto companies. The UK targeted those responsible for the weekend attack.

Capital / Liquidity

Shanghai Launches Loan Guarantee Programme for Tech Firms

18/04/2024

CNY 2 trillion in funding, supported by credit guarantees, will be provided to innovative technology companies in Shanghai for three years.

Capital / Liquidity

Korea FSS Directs Ten Savings Banks to Increase Capital

18/04/2024

Some 15 savings banks in Korea failed to meet their minimum capital adequacy ratios in Q1, compared to just one at the end of 2023.

AML / KYC

China Set to Consider Draft Revision to AML Law

18/04/2024

The revision will expand the scope of money laundering predicate crimes, raise the penalties for offences, and expand the scope of the law to cover more non-bank entities.