International

PEPs & Sanctions

New Zealand Sanctions New Russian and Belarusian Targets

By Editors | 24/09/2024

The sanctions target the Russian SOE operating Ukraine’s Zaporizhzhya nuclear plant and its director general, among others.

Fraud, Scams & Cybercrime

Korea Dismantles Mobile Smishing Crime Organisation in Vietnam

By Editors | 24/09/2024

Seven key members of the organisation, including the ringleader, were apprehended. Three have since been repatriated to South Korea.

PEPs & Sanctions

US Arrests Russian Man for Illicit Microelectronics Exports

By Editors | 23/09/2024

Several Hong Kong companies were used to purchase microelectronics from US distributors and export them to Russia.

PEPs & Sanctions

Lebanese Man Pleads Guilty to Sanctions Evasion Conspiracy

By Editors | 23/09/2024

The man, designated as a specially designated global terrorist in May 2018, pleaded guilty to a conspiracy charge and agreed to forfeit $830,000.

PEPs & Sanctions

EU Plans €35b Loan for Ukraine, Backed by Russian Assets

By Editors | 23/09/2024

The EU was initially planning to contribute about €18bn out of the total €45bn the G7 was planning to raise for Ukraine.

PEPs & Sanctions

Russia Considers Raising ‘Exit Tax’ for Foreign Firms – Report

By Editors | 23/09/2024

Russian authorities are reportedly considering raising the exit tax from the current 15 percent to as high as 40 percent.

Clearing & Post-Trade

BIS Paper Examines Central Clearing in Government Bonds

By Manesh Samtani | 22/09/2024

New BIS paper says centrally clearing could help mitigate risks and improve intermediation but introduce different challenges.

Tokenisation

HSBC Tests Post-Quantum Cryptography With Tokenised Gold

By Manesh Samtani | 21/09/2024

HSBC pilot-tested the ability to move gold tokens across different ledgers while protecting against quantum computing attacks.

PEPs & Sanctions

EU Parliament Calls for Tougher Sanctions Action on Russia

By Editors | 21/09/2024

EU Parliament adopted a resolution calling for tighter sanctions on Russian fossil fuels and additional measures targeting circumvention.