International

PEPs & Sanctions

OFAC Sanctions Targets Linked to Houthi Weapons Procurement

By Editors | 18/06/2024

OFAC designated three companies in China; entities in Hong Kong, UAE and Oman; three individuals; and a vessel.

Trading & Investment

CSRC Approves First ETF Listings Tracking Saudi Arabia

By Editors | 17/06/2024

Two ETFs managed by Huatai-Pinebridge Fund Management and China Southern Asset Management were approved.

CBDCs

BIS Publishes Results of Latest CBDC, Crypto Survey

By Editors | 17/06/2024

Central banks are now more likely to issue a wholesale CBDC than a retail CBDC within the next six years.

Anti-Money Laundering

RUSI Identifies Typologies of Abuse of FATF Standards

By Manesh Samtani | 17/06/2024

RUSI identifies five major ways the FATF standards can be weaponised by authoritarian regimes to crack down on dissent and activism.

Payments & Settlements

BIS Launches New Innovation Hub Centre in Toronto

By Editors | 17/06/2024

The Toronto Innovation Centre will initially focus on next-generation financial market infrastructures, suptech, and open finance.

Payments & Settlements

BIS Innovation Hub to Explore RTGS to DLT Interoperability

By Editors | 17/06/2024

Project Meridian FX will explore interoperability between RTGS systems and new payments technologies like DLT.

PEPs & Sanctions

G7 Leaders Issue Joint Sanctions Warning Against China

By Editors | 17/06/2024

The G7 vowed to take measures against actors in China that materially support Russia’s “war machine”, including FIs.

PEPs & Sanctions

EU Sanctions Package Delayed Over Verification Rule

By Editors | 16/06/2024

Germany fears that its exporters could be impacted by requirements to verify that customers are not transshipping goods to Russia.

PEPs & Sanctions

Indian Banks Calls on Government to Set Up “OFAC Cell”

By Editors | 16/06/2024

Bankers say an “OFAC cell” created within the DFS could help them minimise the risks of sanctions non-compliance.