International

Market Infrastructure

CPMI Publishes SLA Guidance for Cross-border Payments

By Editors | 30/04/2024

New CPMI report offers high-level recommendations on the design of service level agreements used in cross-border payment arrangements.

Sanctions

China Cautions Japan Against Expanding Export Controls

By Editors | 30/04/2024

MOFCOM said Japan’s proposal to expand its controls on certain semiconductor products will damage the stability of global supply chains.

Enforcement

Law Enforcement Agencies to Boost Data Sharing: INTERPOL

By Mark Johnston | 29/04/2024

Delegates at INTERPOL’s Heads of NCBs conference identified initiatives to encourage greater operational sharing of criminal data.

AML / KYC

Message Encryption In Focus for Indian, European Authorities

By Editors | 29/04/2024

WhatsApp will leave India if it is required to break encryption. Europol expresses concern with message encryption on Messenger.

Sanctions

OFAC Extends Authorisation for Russia-related Energy Transactions

By Editors | 29/04/2024

The general licence authorises energy-related transactions with nine Russian banks and the central bank. It was scheduled to expire on 1 May 2024.

AML / KYC

GCFFC Estimates Human Trafficking Proceeds at $498b for 2024

By Manesh Samtani | 28/04/2024

APAC has the most human trafficking victims compared to other regions, including in terms of forced criminality, forced marriages, and sexual exploitation.

Sanctions

Russia Places Two EU Companies Under Gazprom Management

By Editors | 28/04/2024

Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.

AML / KYC

US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

By Editors | 27/04/2024

Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

Sanctions

France Proposes New Sanctions to Target Russian Disinformation

By Editors | 27/04/2024

The sanctions would target the disinformation on social media, the use of AI-generated deep fakes, the creation of fake websites, and election interference.