International

Sanctions

OFAC Sanctions DPRK Procurement Network Based in China

By Editors | 25/07/2024

The action imposes sanctions on China-based individuals and entities involved in the procurement of items used in the production of North Korean ballistic missiles.

Big Picture

ISDA Calls for Greater Digitisation of Derivatives Documentation

By Ranamita Chakraborty | 24/07/2024

An industry survey has revealed that the average time taken to negotiate derivatives documents hasn’t fallen since 2006.

Crypto / Digital Assets

Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB

By Editors | 24/07/2024

New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.

Sanctions

Hong Kong Has Become a Sanctions Evasion Hub: Report

By Manesh Samtani | 24/07/2024

New report says Hong Kong has emerged as a “global centre for illicit finance and trade” and the city’s banks should be sanctioned.

Sanctions

US Commerce Dept Expands Export Controls Against Iran

By Editors | 24/07/2024

The expansion of export controls seeks to address concerns regarding Iran’s potential use of US technology in weapons systems.

Sanctions

Japan Imposes First Sanctions Against Israelis in West Bank

By Editors | 24/07/2024

Japan designated four Israeli settlers involved in violent acts against Palestinians as targets for asset freezing measures.

Sanctions

OFAC Issues New Form for Reporting Russian Sovereign Assets

By Editors | 24/07/2024

The form is part of implementing a law passed in April to enable the confiscation of Russian sovereign assets frozen in the US.

Crypto / Digital Assets

NBFI Vulnerabilities Remain Largely Unaddressed, Warns FSB

By Manesh Samtani | 22/07/2024

The global financial system remains susceptible to further shocks, the FSB says, calling for faster implementation of reforms to address NBFI vulnerabilities.

Sanctions

UK Publishes Briefing on Third Countries Helping Russia

By Manesh Samtani | 22/07/2024

The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.