International

Crypto / Digital Assets

US SEC Seeking Information About Ethereum Foundation – Reports

By Editors | 22/03/2024

The SEC has issued subpoenas to companies asking about their dealings with the foundation, purportedly in relation to the possible classification of Ethereum as a security.

Sanctions

US, Türkiye Agree on New ‘Sanctions Compliance Scheme’

By Editors | 22/03/2024

Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.

Sanctions

More Chinese Banks Stop Accepting Russian Payments – Reports

By Editors | 22/03/2024

Ping An Bank, Bank of Ningbo, Guangfa Bank and Shenzhen Rural Commercial Bank are among those that have all stopped accepting yuan payments from Russia.

Sanctions

US Pressure Forces Austria’s Raiffeisen to Back Out of Russia Deal

By Editors | 22/03/2024

The deal would have helped to reduce Raiffeisen Bank’s exposure to Russia, but it would have involved a transaction with a sanctioned Russian oligarch.

Sanctions

OFAC Sanctions Nicaragua’s Attorney General for Corrupt Practices

By Editors | 21/03/2024

OFAC said Nicaragua’s Attorney General facilitated the theft of real property formerly belonging to independent media outlets, NGOs, and political prisoners.

Sanctions

OFAC Targets Procurement Networks Used for Iran Weapons Programmes

By Editors | 21/03/2024

The sanctions target 5 individuals and 10 companies they own or use to facilitate procurements for Iran’s nuclear and other military weapons programmes.

Sanctions

OFAC Issues New Russia Sanctions Over ‘Malign Influence Efforts’

By Editors | 20/03/2024

Two individuals and their companies were sanctioned for creating fake websites designed to impersonate government bodies and media outlets with intent to deceive.

Crypto / Digital Assets

OECD Assesses DeFi’s Role in ASEAN to Promote Financial Inclusion

By Manesh Samtani | 20/03/2024

Innovation associated with DeFi, provided in a regulated and compliant form, could offer possible financial inclusion benefits such as in MSME financing.

ESG / Sustainability

Charting a New Course for Climate Risk Management

By Ranamita Chakraborty | 20/03/2024

The BCBS’ proposed Pillar 3 disclosure framework for climate-related financial risks highlights the need for broader consensus on such issues.