International

Sanctions

US Sanctions Blamed for Death of Iranian President

By Editors | 22/05/2024

Iran has been unable to buy aviation spare parts, one of the main reasons cited for the helicopter crash that killed President Ebrahim Raisi.

Sanctions

Russia Seizes Assets of Deutsche Bank, Commerzbank, UniCredit

By Editors | 22/05/2024

The banks were among the guarantor lenders under a contract for the construction of a gas processing plant which was terminated due to sanctions.

Fintech / Regtech

Top Tech firms Commit to AI Safety at Seoul Summit

By Nithya Subramanian | 22/05/2024

Google, Meta, Microsoft, OpenAI and others have pledged to not develop or deploy AI models if the risks cannot be sufficiently mitigated.

Crypto / Digital Assets

Ghana Completes Cross-border eCedi Transaction With Singapore

By Nithya Subramanian | 21/05/2024

Transactions were made on a decentralised network using a Singapore dollar stablecoin and Ghana’s new digital currency, the eCedi.

ESG / Sustainability

NGFS Offers Central Banks Sustainable Investing Insights

By ESG Investor | 21/05/2024

The NGFS encourages all central banks and supervisors globally to include sustainability considerations in their portfolio management.

Sanctions

Australia, UK Join Allies in Targeting DPRK-Russia Arms Trade

By Editors | 18/05/2024

Australia targeted six entities while the UK targeted three companies and one individual for their involvement in North Korea-Russia arms trade.

AML / KYC

FATF Publishes Updated Procedures for Mutual Evaluations

By Editors | 17/05/2024

FATF will prioritise countries whose assessments are most outdated, that face higher risks and have important financial sectors.

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.