Sanctions

    AML / KYC

    UK Issues Guidance on Preventing Sanctions Evasion

    By Editors | 14/07/2022

    London-based enablers are “almost certain” to be in senior positions within their company or business, says a red alert from the NCA and OFSI.

    Crypto / Digital Assets

    BOE Calls for Clear Regulatory Framework for Crypto Assets

    By Mark Johnston | 14/07/2022

    BOE’s Jon Cunliffe said the extension of a regulatory framework to encompass crypto must be grounded in the iron principle of ‘same risk, same regulatory outcome’.

    AML / KYC

    Why India Does Not Use Sanctions

    By Mathew Chemplayil | 12/07/2022

    India’s attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.

    Market Infrastructure

    FSB Urges Adoption of LEI in Cross-border Payments

    By Editors | 10/07/2022

    Using the LEI in cross-border payments could facilitate straight-through processing, reduce costs, increase transaction speeds, and facilitate KYC compliance.

    Crypto / Digital Assets

    Crypto Industry Seeks Public Sector Support on Sanctions Issues

    By Manesh Samtani | 06/07/2022

    More than 15 million crypto addresses have been linked to criminal activity with a nexus in Russia, a new GDF report says.

    AML / KYC

    UK Sanctions More Russians, Restricts More Belarusian Trade

    By Editors | 06/07/2022

    Last week, the UK Parliament’s Foreign Affairs Committee published a report calling on the government to “act now” to tackle the flow of illicit finance through London.

    Market Infrastructure

    US Fed Delays ISO 20022 Implementation Until March 2025

    By Editors | 03/07/2022

    ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

    AML / KYC

    G7 Nations Announce Ban on Russian Gold Imports

    By Manesh Samtani | 30/06/2022

    The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

    AML / KYC

    Sanctions Force Russian Sovereign Debt Default

    By Editors | 28/06/2022

    Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

    AML / KYC

    US Sanctions Companies in HK, UAE for Iran-linked Dealings

    By Editors | 23/06/2022

    The sanctions came on the back of attempts by the US to restore the JCPOA, for which Iran is demanding some sanctions be lifted.

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