International

Enforcement

US DOJ Proposes 36-Month Prison Sentence for Binance Founder

By Mark Johnston | 25/04/2024

The DOJ said the sentence must be significant to effectively punish Changpeng Zhao and to deter others who are tempted to break US laws.

Securities / Derivatives

Asia-first Transition Strategy Scouts Opportunities

By ESG Investor | 25/04/2024

Robeco’s Head of Fixed Income argues that the hunt for “perfect” forward-looking emissions data cannot stand in the way of progress.

AML / KYC

LSEG’s World-Check Data Breached by Hackers – Reports

By Mark Johnston | 24/04/2024

Hackers claim they have stolen data from LSEG’s World-Check database and have threatened to release records.

ESG / Sustainability

ISSB to Start Research on Biodiversity, Human Capital Disclosures

By Nithya Subramanian | 24/04/2024

The research projects will focus on the information needs of investors and how these risks could affect the company’s prospects.

Sanctions

Venezuela’s PDVSA to Hasten Move to USDT to Mitigate Sanctions

By Editors | 24/04/2024

USDT issuer Tether said in response that it respects the SDN list and will block payments made to sanctioned entities.

Sanctions

OFAC Unveils New Sanctions Against Iranian Cyber Actors

By Editors | 24/04/2024

Two entities and four individuals were sanctioned for the roles in targeting US entities with ransomware, spear phishing and malware attacks.

Market Infrastructure

G7 Nations Complete Joint Cyber Coordination Exercise

By Editors | 24/04/2024

The exercise assumed a large-scale cyber attack on financial market infrastructures and entities in all G7 jurisdictions

Sanctions

JPMorgan Sues Russia’s VTB Over Blocked Funds – Report

By Editors | 23/04/2024

JPMorgan said VTB Bank has filed a lawsuit in Russia that may enable it to seize the US bank’s assets abroad.

Sanctions

Data is Key to Making Sanctions Work – RUSI Report

By Editors | 23/04/2024

Banks would be able to better identify red flags and stop illicit transactions if certain fields in SWIFT such as HS trade codes were made mandatory.