PEPs & Sanctions

G7 Ban on Indirect Imports of Russian Diamonds Takes Effect

03/03/2024

The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

PEPs & Sanctions

Switzerland Adopts EU’s 13th Russia Sanctions Package

01/03/2024

The package adds a further 106 individuals and 88 entities and organisations to Switzerland’s sanctions list.

Trading & Investment

PBOC Issues Rules Opening Access to Interbank Bond Market

01/03/2024

Investors will be able to invest in treasury bonds, local government bonds and policy financial bonds via over-the-counter channels from 1 May.

Emerging Prudential Risks

BCBS to Consult on G-SIB Window-Dressing Next Month

01/03/2024

The BCBS also said it has approved revisions to the Core Principles for Effective Banking Supervision, which will be published in April.

Cloud & Infrastructure

BNM Launches Enhanced Framework for Regulatory Sandbox

01/03/2024

The enhanced framework makes it easier for early-stage fintechs to meet the eligibility requirements and introduces an accelerated pathway for regulated firms.

Cryptocurrency

NYDFS Secures Return of $1.1bn to ‘Gemini Earn’ Investors

01/03/2024

Gemini Trust has committed to returning at least $1.1bn to customers who invested in its ‘Earn’ crypto lending programme.

Sustainable Finance

China Publishes New Green Industry Guidance Catalog

29/02/2024

FIs are encouraged to provide financial support for domestic and Belt and Road projects or activities that meet the requirements of the Catalog.

Fraud, Scams & Cybercrime

NZ Minister Demands Immediate Action from Banks on Scams

29/02/2024

Confirmation of payee system to be established, Code of Banking Practice to be updated; voluntary reimbursement scheme to be investigated.

PEPs & Sanctions

UK Issues Updated Sanctions Guidance for Maritime Sector

29/02/2024

The guidance is intended for firms operating within UK territories or dealing with UK-affiliated entities.