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International
Anti-Money Laundering
Humanitarian Crisis in Gaza Being Exploited for Terror Financing
By Ranamita Chakraborty | 26/07/2024
Singapore’s Internal Security Department warns that charities and NGOs are being used by Hamas networks to raise funds globally.
Fraud, Scams & Cybercrime
US, UK, South Korea Warn of DPRK Espionage Campaign
By Editors | 26/07/2024
Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.
Payments & Settlements
Russia Progresses Bill to Allow Foreign Banks to Open Branches
By Editors | 26/07/2024
The bill would enable foreign banks to open branches in Russia which they could then use to settle cross-border payments.
PEPs & Sanctions
UniCredit Drops Part of Appeal Against ECB’s Russia Exit Orders
By Editors | 25/07/2024
UniCredit said it has received “sufficient clarity” from the ECB on certain parts of its application to the GCEU.
PEPs & Sanctions
Australia Imposes First Sanctions Against Israelis in West Bank
By Editors | 25/07/2024
Seven Israelis and a youth group were sanctioned for their involvement in violent attacks against Palestinian communities.
PEPs & Sanctions
OFAC Sanctions DPRK Procurement Network Based in China
By Editors | 25/07/2024
The action imposes sanctions on China-based individuals and entities involved in the procurement of items used in the production of North Korean ballistic missiles.
Clearing & Post-Trade
ISDA Calls for Greater Digitisation of Derivatives Documentation
By Ranamita Chakraborty | 24/07/2024
An industry survey has revealed that the average time taken to negotiate derivatives documents hasn’t fallen since 2006.
Stablecoins
Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB
By Editors | 24/07/2024
New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.
AI Risk & Governance
US, European Competition Regulators Sign AI Agreement
By Nithya Subramanian | 24/07/2024
Given the rapid growth of AI, authorities will work to ensure effective competition as well as fair and honest treatment of consumers and businesses.
PEPs & Sanctions
Hong Kong Has Become a Sanctions Evasion Hub: Report
By Manesh Samtani | 24/07/2024
New report says Hong Kong has emerged as a “global centre for illicit finance and trade” and the city’s banks should be sanctioned.
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