International

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    Crypto / Digital Assets

    Montenegro Court Halts Extradition of Terra’s Do Kwon to US

    By Sanday Chongo Kabange | 06/03/2024

    Do Kwon’s case will be retried because of procedural issues over who between the US and South Korea was first to request his extradition.

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    Sanctions

    OFAC Sanctions Members of Spyware Consortium

    By Editors | 06/03/2024

    The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.

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    Sanctions

    BRICS Nations to Create Blockchain-based Payment System

    By Editors | 05/03/2024

    The move aimed at increasing the role of the BRICS in the international monetary system and reducing reliance on US dollars.

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    Enforcement

    Coal Miner Challenges Australia Sanctions Regime in Court

    By Editors | 05/03/2024

    Tigers Realm Coal produces coal in Russia but does not directly export it. DFAT alleges breach of sanctions, which Tigers Realm has challenged.

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    Sanctions

    UK Launches Inquiry to Assess Russia Sanctions Programme

    By Editors | 05/03/2024

    The inquiry will also explore the confiscation of frozen Russian assets and whether sanctions should cover buyers of Russian oil and gas.

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    Big Picture

    BIS Explores Design Features of Fast Payment Systems

    By Editors | 05/03/2024

    New BIS article outlines the main design features of fast payment systems that may foster adoption, such as allowing non-bank participation.

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    Sanctions

    US Sanctions Zimbabwe’s President, Other Officials

    By Editors | 05/03/2024

    The sanctions were issued under the Magnitsky programme. The Zimbabwe Sanctions Regulations have been terminated.

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    Crypto / Digital Assets

    Cayman Islands Launches Crypto Consultation Using GitHub

    By Nithya Subramanian | 05/03/2024

    Software coding collaboration platform GitHub is being used for the first time to collate public feedback on the draft legislation.

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    Crypto / Digital Assets

    UDPN Launches “All-in-One” Digital Currency Sandbox

    By Editors | 05/03/2024

    The sandbox contains technologies for CBDC, tokenised deposits, stablecoins, purpose-bound money, and security and bond tokenisation systems.

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    AML / KYC

    Wolfsberg Group Publishes Updated Country Risk FAQs

    By Manesh Samtani | 04/03/2024

    FIs must strike a balance in how they assess country risk and apply their consideration in customer and other risk frameworks.

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