International

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.

PEPs & Sanctions

US Sanctions Israeli Group for Blocking Humanitarian Aid

By Editors | 16/06/2024

Last month, the group’s members “looted and then set fire to two trucks” carrying humanitarian aid destined for Gaza.

PEPs & Sanctions

US, Türkiye Issue Joint Sanctions on ISIS Supporters

By Editors | 15/06/2024

The US sanctions, coordinated with the Turkish government, target supporters of a human smuggling gang linked to ISIS.

PEPs & Sanctions

Japan Considers Sanctions Against Chinese, Indian Firms

By Editors | 15/06/2024

Japan is considering imposing sanctions against entities in China, India, UAE, Uzbekistan, and Kazakhstan.

CBDCs

Ghana, MAS Complete Cross-border Trade PoC Using CBDC

By Nithya Subramanian | 14/06/2024

Project DESFT demonstrated that the eCedi can facilitate the participation of MSMEs in international trade.

PEPs & Sanctions

UK, Canada Announce New Russia Sanctions at G7 Summit

By Editors | 14/06/2024

The UK’s 50 targets include Moscow Exchange and five China-based entities. Canada’s sanctions target 11 individuals and 16 entities.

PEPs & Sanctions

G7 to Raise $50bn for Ukraine Using Frozen Russian Assets

By Editors | 13/06/2024

A $50bn loan will be taken out and the interest will be paid using profits generated by frozen Russian assets.