International

Enforcement

US DOJ Secures Guilty Plea in Export Control Evasion Case

By Editors | 30/04/2024

The defendant allegedly tried to procure dual-use electronic components for entities in Russia involved in the development and manufacture of drones.

Sanctions

Chinese Firms Turning to Illegal Channels for Russia Business

By Editors | 30/04/2024

With China’s big banks no longer processing Russia-related payments, exporters are increasingly turning to underground channels including cryptocurrency.

ESG / Sustainability

ICMA, IsDB and LSEG Release Guidance on Sustainable Sukuk

By Nithya Subramanian | 30/04/2024

With the sustainable sukuk market already growing, the new guidance will attract more investors and raise more capital towards the SDGs.

Market Infrastructure

Last Stretch to T+1: Identifying Potential Bumps for Firms in Asia

By Nellie Dagdag | 30/04/2024

Nellie Dagdag says May 28th is not the end date for T+1 preparations; rather it is an awakening date for appreciation of the benefits of accelerated settlement.

Market Infrastructure

CPMI Publishes SLA Guidance for Cross-border Payments

By Editors | 30/04/2024

New CPMI report offers high-level recommendations on the design of service level agreements used in cross-border payment arrangements.

Sanctions

China Cautions Japan Against Expanding Export Controls

By Editors | 30/04/2024

MOFCOM said Japan’s proposal to expand its controls on certain semiconductor products will damage the stability of global supply chains.

Enforcement

Law Enforcement Agencies to Boost Data Sharing: INTERPOL

By Mark Johnston | 29/04/2024

Delegates at INTERPOL’s Heads of NCBs conference identified initiatives to encourage greater operational sharing of criminal data.

AML / KYC

Message Encryption In Focus for Indian, European Authorities

By Editors | 29/04/2024

WhatsApp will leave India if it is required to break encryption. Europol expresses concern with message encryption on Messenger.

Sanctions

OFAC Extends Authorisation for Russia-related Energy Transactions

By Editors | 29/04/2024

The general licence authorises energy-related transactions with nine Russian banks and the central bank. It was scheduled to expire on 1 May 2024.