International

Sanctions

Japan Adds 164 More Items to Russia Export Ban List

By Editors | 07/04/2024

The new export restrictions and a new diamond import ban will take effect from 17 April and 10 May, respectively.

Enforcement

US Jury Finds Terraform Labs, Do Kwon Liable for Fraud

By Editors | 06/04/2024

Terraform Labs and founder Do Kwon deceived investors about its algorithmic stablecoin UST, a jury found after a nine-day trial.

Crypto / Digital Assets

US Court Jails Bulgarian National Over “OneCoin” Fraud

By Editors | 06/04/2024

Irina Dilkinska assisted in running OneCoin’s day-to-day operations and laundered fraudulently obtained proceeds to the Cayman Islands.

ESG / Sustainability

Carbon Markets Integrity Body Makes First Approvals

By ESG Investor | 06/04/2024

ICVCM named the first carbon-crediting programmes that meet its Core Carbon Principles.

Enforcement

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

By Editors | 05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

Sanctions

OFAC Sanctions 13 Vessels Over Iran Commodity Shipments

By Editors | 05/04/2024

The vessels, operated by UAE-based Oceanlink Maritime DMCC, are “deeply involved in the shipment of Iranian commodities”.

Crypto / Digital Assets

Ripple Announces Plans to Issue USD-backed Stablecoin

By Editors | 05/04/2024

Ripple said its reserve assets will be audited by a third-party accounting firm and that it will publish monthly attestations.

Securities / Derivatives

IOSCO Proposes Guidance on Supervision of Exchanges

By Editors | 05/04/2024

The consultation report provides guidance on supervising exchanges that provide multiple services or are part of a larger group.

ESG / Sustainability

BCBS to Backtrack on Climate-related Standards – Report

By Editors | 04/04/2024

The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.