International

Sanctions

OFAC Sanctions Russians for Over DPRK Weapons Transfers

By Editors | 17/05/2024

Two individuals and three entities were sanctioned for facilitating weapons transfers between Russia and North Korea.

ESG / Sustainability

ICMA Proposes Draft Code for ESG Data Providers

By Manesh Samtani | 17/05/2024

The draft Code of Conduct was prepared by an ICMA-led industry working group that was sponsored by Hong Kong’s SFC.

Big Picture

Digitisation of Finance Can Create and Amplify Risks: BCBS

By Nithya Subramanian | 17/05/2024

New BCBS report offers recommendations for banks to consider to mitigate digitalisation-related risks.

Sanctions

Canada Issues First Sanctions Over Settler Violence in West Bank

By Manesh Samtani | 17/05/2024

Four individuals were sanctioned for engaging in violence and violent acts against Palestinian civilians and their property.

Sanctions

US Official Warns of Sanctions Over India-Iran Port Deal

By Manesh Samtani | 15/05/2024

US State Department’s Vedant Patel said any business deals with Iran could be subject to the potential risk of sanctions.

Sanctions

Australia Issues New Sanctions Over “Iran’s Destabilising Behaviour”

By Editors | 15/05/2024

Five individuals and three entities were targeted, including senior officials who contribute to Iran’s missile and drone programmes.

AML / KYC

FATF, UNODC, INTERPOL Issue Joint Call to Action

By Editors | 14/05/2024

Countries are asked to step up their efforts to target the illicit profits generated by transnational organised crime.

AML / KYC

Canada: FINTRAC Fines Binance for Regulatory Violations

By Editors | 14/05/2024

Binance failed to report almost 6,000 crypto transactions larger than CAD 10,000 over the two years to July 2023.

Crypto / Digital Assets

Global Implementation of BCBS Cryptoasset Standard Deferred

By Manesh Samtani | 14/05/2024

The BCBS oversight body said implementation will be deferred one year. It also announced the appointment of a new BCBS Chair.