International

Resolution & Recovery

ISDA Launches Framework On Termination of Derivatives Contracts

By Nithya Subramanian | 28/06/2024

The ISDA Close-out Framework serves as a preparatory resource, enabling firms to coordinate internal business functions, stakeholders and other service providers.

PEPs & Sanctions

Canada Issues New Sanctions Over Settler Violence in West Bank

By Editors | 28/06/2024

Seven individuals and five entities were sanctioned for facilitating acts of violence by Israeli extremist settlers against Palestinians.

Reporting & Disclosures

ISSB Commits to Driving Global Harmonisation in New Work Plan

By Editors | 27/06/2024

The new two-year work includes work to streamline and consolidate frameworks and standards for disclosures about transition plans.

Anti-Money Laundering

Iraq’s Al-Huda Bank Cut Off from US Financial System

By Editors | 27/06/2024

FinCEN rule identifies Al-Huda Bank as a “foreign financial institution of primary money laundering concern”.

PEPs & Sanctions

OFAC Fines Italian Animation Company for Sanctions Violations

By Editors | 27/06/2024

Mondo TV made wire transfers via US financial institutions to an animation studio owned by the North Korean government.

Anti-Money Laundering

New AMLA to Receive EBA’s AML/CFT Powers by End 2025

By Editors | 27/06/2024

The EBA said it will transfer its AML/CFT powers and mandates to the AMLA by the end of December 2025.

AI Risk & Governance

BIS Urges Central Banks to Keep Pace with AI

By Nithya Subramanian | 27/06/2024

In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.

Sustainable Finance

New Guidance Issued for Green Enabling Projects and SLLBs

By Editors | 26/06/2024

SLLBs, or “Sustainability-Linked Loan financing Bonds”, will enable issuers to finance or re-finance portfolios of sustainability-linked loans.

PEPs & Sanctions

Canada Imposes Additional Sanctions Targeting Hamas

By Editors | 26/06/2024

The sanctions target nine individuals and two entities that facilitated, supported, and provided funding for the Hamas attacks on Israel last October.