International

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    Sanctions

    Sanctioned Russian Billionaire Files Lawsuit Against UBS – Reports

    By Editors | 19/06/2024

    Alisher Usmanov claims that STRs filed by UBS were “unsubstantiated, if not knowingly false” and triggered an illegal criminal investigation against him.

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    ESG / Sustainability

    UN Working Group Issues Investor Guide on Human Rights

    By ESG Investor | 18/06/2024

    Most financial actors fail to connect human rights standards and processes with ESG criteria and investment practices, says UN working group.

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    Enforcement

    CFTC Settles Charges Against Trafigura for $55m

    By Manesh Samtani | 18/06/2024

    This is the first time the CFTC has taken action against a firm for impeding whistleblower communications, a move being criticised by two commissioners.

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    Capital / Liquidity

    UBS to Repay Investors for Credit Suisse’s Greensill Losses

    By Editors | 18/06/2024

    UBS is offering to repay investors who lost money in Credit Suisse funds as a result of Greensill Capital’s bankruptcy in 2021.

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    Sanctions

    OFAC Sanctions Targets Linked to Houthi Weapons Procurement

    By Editors | 18/06/2024

    OFAC designated three companies in China; entities in Hong Kong, UAE and Oman; three individuals; and a vessel.

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    Securities / Derivatives

    CSRC Approves First ETF Listings Tracking Saudi Arabia

    By Editors | 17/06/2024

    Two ETFs managed by Huatai-Pinebridge Fund Management and China Southern Asset Management were approved.

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    Crypto / Digital Assets

    BIS Publishes Results of Latest CBDC, Crypto Survey

    By Editors | 17/06/2024

    Central banks are now more likely to issue a wholesale CBDC than a retail CBDC within the next six years.

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    AML / KYC

    RUSI Identifies Typologies of Abuse of FATF Standards

    By Manesh Samtani | 17/06/2024

    RUSI identifies five major ways the FATF standards can be weaponised by authoritarian regimes to crack down on dissent and activism.

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    Market Infrastructure

    BIS Launches New Innovation Hub Centre in Toronto

    By Editors | 17/06/2024

    The Toronto Innovation Centre will initially focus on next-generation financial market infrastructures, suptech, and open finance.

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    Market Infrastructure

    BIS Innovation Hub to Explore RTGS to DLT Interoperability

    By Editors | 17/06/2024

    Project Meridian FX will explore interoperability between RTGS systems and new payments technologies like DLT.

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