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International
Sanctions
Russia Closer to Allow Digital Assets in International Settlements
By Editors | 28/02/2024
Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.
AML / KYC
FATF Consults on R.16 Changes to Improve Payment Transparency
By Manesh Samtani | 27/02/2024
The revisions would help guard against fraud by requiring beneficiary FIs to check the alignment of beneficiary information in payment messages.
Big Picture
FSB Warns of ‘Challenging Outlook’ for Global Financial Stability
By Manesh Samtani | 27/02/2024
The FSB is analysing the financial stability implications of tokenisation and AI, and taking stock of regulatory initiatives on nature-related financial risks.
Sanctions
Ukraine Calls on FATF to Take Stronger Action on Russia
By Editors | 26/02/2024
Russia has been procuring missiles from Iran and North Korea for use against Ukraine in violation of UN sanctions, the Ukrainian Finance Ministry said.
Sanctions
Sanctions Against Chinese Firms are “Unlawful” – MOFCOM
By Editors | 26/02/2024
China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.
Sanctions
Russia is Procuring Tank Parts Made in Japan, Taiwan via China
By Editors | 25/02/2024
A Belarusian-owned company in Shenzhen has reportedly been acquiring tank parts from Japanese and Taiwanese manufacturers for use by Russia.
ESG / Sustainability
ISSB Works to Finalise Jurisdictional Adoption Guide
By ESG Investor | 25/02/2024
The ISSB’s Inaugural Jurisdictional Guide should be finalised by mid-year, with the core objective of reducing fragmentation.
Sanctions
New Sanctions Packages Announced to Mark Ukraine War Anniversary
By Editors | 25/02/2024
The US, EU, Canada, Japan and Australia announced new Russia-related sanctions, including Chinese, Indian, South Korean and Thai companies among their targets.
Enforcement
Montenegro Court to Extradite Do Kwon to the US, Not Korea
By Mark Johnston | 23/02/2024
Montenegro’s High Court decided to approve the US extradition request over South Korea’s, citing the gravity of the charges and the evidence presented by US authorities.
AML / KYC
FATF Plenary Concludes With Beneficial Ownership, NPOs, Crypto in Focus
By Manesh Samtani | 23/02/2024
Kenya and Namibia were added to the FATF’s grey list while Barbados, Gibraltar, Uganda and the UAE were removed.
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