SANCTIONS

AML / KYC

Morgan Stanley Internal Documents Show Scale of AML Deficiencies

By Nithya Subramanian | 30/11/2024

Nearly a quarter of the bank’s international wealth accounts were reportedly flagged in 2023 for elevated money laundering risks.

Market Infrastructure

Russian Central Bank Intervenes to Support Crashing Ruble

By Manesh Samtani | 29/11/2024

The ruble’s sharp fall to levels not seen since March 2022 is attributed to sanctions imposed by the US on Gazprombank.

Sanctions

New Zealand Targets Russian, Iranian Actors With New Sanctions

By Editors | 29/11/2024

The sanctions target those involved in the deployment of chemical weapons against Ukraine and the provision of Iranian weapons to Russia.

Sanctions

US Appeals Court Overturns Tornado Cash Sanctions

By Editors | 28/11/2024

The court said federal law only gives OFAC the authority to sanction property, and Tornado Cash’s smart contracts do not qualify as property.

Capital / Liquidity

APRA Establishes New “Specialist Geopolitical Risk Team”

By Thisanka Siripala | 28/11/2024

The “specialist geopolitical risk team” is collaborating with other regulators to examine how global shocks may reach Australia and impact the financial system.

Sanctions

US Imposes New Controls on Exports to Pakistan

By Editors | 27/11/2024

The new controls are being imposed on six categories of items being sought by entities on the Entity List for “regional stability reasons”.

Sanctions

Hong Kong Has Become a Money Laundering Hub, US Lawmakers Say

By Editors | 27/11/2024

US lawmakers are calling for a re-evaluation of the treatment of Hong Kong banks, saying the city has become a hub for money laundering and sanctions evasion.

Sanctions

UK Targets Russian Shadow Fleet With New Sanctions Package

By Editors | 27/11/2024

The UK sanctioned 30 ships in Russia’s shadow fleet and 2 insurance companies for enabling them to generate oil revenues.

Sanctions

Japan Preparing to Ramp Up Sanctions on North Korea, Russia

By Editors | 26/11/2024

Officials are said to be particularly concerned about North Korean troop deployments to Russia and the implications for peace and security in the region.