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International
Sanctions
OFAC Unveils New Sanctions Against Iranian Cyber Actors
By Editors | 24/04/2024
Two entities and four individuals were sanctioned for the roles in targeting US entities with ransomware, spear phishing and malware attacks.
Market Infrastructure
G7 Nations Complete Joint Cyber Coordination Exercise
By Editors | 24/04/2024
The exercise assumed a large-scale cyber attack on financial market infrastructures and entities in all G7 jurisdictions
Sanctions
JPMorgan Sues Russia’s VTB Over Blocked Funds – Report
By Editors | 23/04/2024
JPMorgan said VTB Bank has filed a lawsuit in Russia that may enable it to seize the US bank’s assets abroad.
Sanctions
Data is Key to Making Sanctions Work – RUSI Report
By Editors | 23/04/2024
Banks would be able to better identify red flags and stop illicit transactions if certain fields in SWIFT such as HS trade codes were made mandatory.
Big Picture
BIS Outlines Vision for Future Financial System, Called “Finternet”
By Manesh Samtani | 23/04/2024
The “Finternet” would enable multiple financial ecosystems to interconnect with each other, like the internet, using technologies such as tokenisation and unified ledgers.
AML / KYC
FATF Ministers Pledge Stronger Measures Against Financial Crime
By Mark Johnston | 23/04/2024
The FATF has published a Ministers’ Declaration to reinforce their commitment to combating financial crime.
ESG / Sustainability
NZAOA Launches Fourth Iteration of Target-setting Protocol
By ESG Investor | 22/04/2024
Latest iteration of the alliance’s target-setting protocol expands coverage to private markets, providing more detail on sovereign debt.
Enforcement
OFAC Penalises Thai Petrochemical Firm for Sanctions Violations
By Editors | 21/04/2024
A unit of a Siam Cement Group subsidiary obfuscated the Iranian origin of polyethylene resin, causing US banks to unknowingly process transfers that violated sanctions.
ESG / Sustainability
ISDA Offers Recommendations to Address Greenwashing in VCMs
By Editors | 21/04/2024
Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.
Sanctions
US Sanctions Four Entities Over Pakistan Missile Inputs
By Editors | 21/04/2024
One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.
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