International

Payments & Settlements

Project Nexus Completes Blueprint; Prepares for Live Implementation

By Nithya Subramanian | 02/07/2024

To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.

Tokenisation

Trade Bodies to Develop Disclosure Guidelines for Digital Assets

By Editors | 02/07/2024

Four trade associations have organised a Steering Committee to propose new disclosure guidelines for digital asset tokens offered in the US.

Anti-Money Laundering

US Sanctions Two Chinese Nationals for Assisting Sinaloa Cartel

By Editors | 01/07/2024

The sanctions include two China-based targets who helped launder illicit drug proceeds belonging to Mexico’s Sinaloa Cartel.

Anti-Money Laundering

Wolfsberg Group Calls for More Effective Approach to SARs/STRs

By Manesh Samtani | 01/07/2024

Wolfsberg Group says the value being derived from the constantly increasing volume of SARs/STRs is not contributing proportionately to effective outcomes.

Clearing & Post-Trade

ISDA Confirms Plans to Develop Industry Notices Hub

By Editors | 01/07/2024

ISDA received “strong support” for the plan and will now work with S&P Global Market Intelligence and Linklaters to build the platform.

PEPs & Sanctions

US Sanctions 3 Entities, 11 Vessels Over Iran’s ‘Nuclear Escalations’

By Editors | 01/07/2024

US Secretary of State Antony Blinken said Iran’s plans to further expand its nuclear programme “have no credible peaceful purpose”.

PEPs & Sanctions

EU Imposes New Restrictive Measures Against Belarus

By Editors | 01/07/2024

The measures mirror several of the restrictive measures already in place against Russia to address circumvention.

Anti-Money Laundering

FATF Adds Monaco, Venezuela to Grey List; Removes Two Others

By Manesh Samtani | 01/07/2024

The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.

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.