International

PEPs & Sanctions

Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

By Editors | 10/06/2024

Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

PEPs & Sanctions

G7 Expected to Issue Warning to Chinese Banks This Week

By Editors | 09/06/2024

G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.

PEPs & Sanctions

DOJ Secures Guilty Plea in Russia Export Control Case

By Editors | 08/06/2024

A US-Russian national sent firearm parts, components, and ammunition from the US to Russia, including via Kazakhstan.

PEPs & Sanctions

IAEA Issues Resolution Calling for Cooperation from Iran

By Manesh Samtani | 08/06/2024

When proposing the resolution, the UK, France and Germany noted that the power to “snap back” UN sanctions on Iran is available until October 2025.

PEPs & Sanctions

Whistleblower Alleges AWS Breached UK Sanctions – Report

By Editors | 08/06/2024

A former AWS employee alleges he was unfairly dismissed for raising concerns about facial recognition technology being illegally supplied to Russia.

Payments & Settlements

Significant Progress Made on Cross Border Payments: CPMI

By Manesh Samtani | 07/06/2024

More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.

PEPs & Sanctions

Taiwan Adds Nitrocellulose to Export Control List

By Editors | 06/06/2024

Taiwan is expanding its restrictions on exports of nitrocellulose, which is used to make smokeless gunpowder and ammunition propellant.

Clearing & Post-Trade

FIA, DMIST Publishes New Standards on Average Pricing

By Editors | 06/06/2024

DMIST calls for CCPs globally to adopt the new average pricing standards, to drive consistency and improve allocation processes.

Anti-Money Laundering

17 Others Involved in Singapore Money Laundering Probe – Report

By Nithya Subramanian | 06/06/2024

The SGD 3 billion in cash and assets seized or issued with prohibition of disposal orders belonged to 27 individuals, not just the 10 accused so far.