International

PEPs & Sanctions

Former CEO Pleads Guilty to Violating US Export Controls

By Editors | 03/12/2024

The former CEO of a freight forwarding company made over 1,000 shipments to Chinese companies on the Entity List that were dealing with North Korea.

PEPs & Sanctions

US Targets China Chip Production With New Export Controls

By Editors | 03/12/2024

The controls aim to further impair China’s ability to procure and produce technology for its military modernisation, WMD programmes, and ability to repress human rights.

PEPs & Sanctions

BRICS Nations Face ‘100% Tariffs’ if They Move Away from USD

By Editors | 02/12/2024

President-elect Trump said the BRICS nations will face “100% Tariffs” if they create a new BRICS currency or back any other currency to replace the US dollar.

CBDCs

Iran Launch of CBDC to Combat Sanctions is ‘Imminent’ – Report

By Editors | 02/12/2024

The Central Bank of Iran also recently launched a SWIFT alternative, the “ACU-MIR” system, which is enabling transactions with countries such as India and Pakistan.

Cybersecurity

UK Launches AI Security Research Lab to Defend Against Cyber Threats

By Thisanka Siripala | 02/12/2024

The Lab will seek collaboration with the Five Eyes members to defend against the use of AI for malicious purposes, including attempts by Russia and North Korea.

CBDCs

Central Banks Offers Legal and System Design Lessons for Retail CBDC

By Manesh Samtani | 01/12/2024

Seven central banks have published two new papers summarising key legal and system design aspects of retail CBDC.

Anti-Money Laundering

Morgan Stanley Internal Documents Show Scale of AML Deficiencies

By Nithya Subramanian | 30/11/2024

Nearly a quarter of the bank’s international wealth accounts were reportedly flagged in 2023 for elevated money laundering risks.

Capital Adequacy

BCBS Publishes Report on Implementing Positive Neutral CCyB

By Manesh Samtani | 29/11/2024

The report describes different jurisdictional frameworks for implementing a positive neutral CCyB and approaches to calibration and operation.

PEPs & Sanctions

Russian Central Bank Intervenes to Support Crashing Ruble

By Manesh Samtani | 29/11/2024

The ruble’s sharp fall to levels not seen since March 2022 is attributed to sanctions imposed by the US on Gazprombank.