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International
PEPs & Sanctions
Businesses Have Lost Over $100bn From Russia Exits – Report
By Editors | 28/03/2024
Russia has steadily tightened its exit requirements as sanctions pressure has ramped up. It now demands discounts of at least 50% on foreign asset sales.
PEPs & Sanctions
Russia Buys its Own Diamonds to Support State-owned Alrosa
By Editors | 28/03/2024
The Russian government is for the first time in 15 years procuring diamonds from Alrosa, which has been targeted by sanctions.
PEPs & Sanctions
US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report
By Editors | 28/03/2024
There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.
Anti-Money Laundering
BIS Innovation Hub Launches New Phase of AML Project
By Manesh Samtani | 28/03/2024
Phase 2 of Project Aurora aims to, among other things, deliver real-world proofs-of-concept that could scale to a potential pilot.
PEPs & Sanctions
US Warns Pakistan Against Proceeding With Iran Pipeline Project
By Editors | 27/03/2024
Iran has already invested $2bn in the project. Pakistan is seeking a US sanctions waiver to go ahead with construction on its leg of the pipeline.
PEPs & Sanctions
Russia Launches Scheme to Unblock Foreign Securities
By Editors | 27/03/2024
Russian broker is accepting offers from Russians looking to free up overseas-held shares affected by sanctions.
PEPs & Sanctions
Russia Has Started Directly Supplying Oil to DPRK – Reports
By Editors | 27/03/2024
The shipments are reportedly using UN-designated vessels, as part of an arrangement that involves North Korea supplying arms to Russia.
PEPs & Sanctions
Belgian Authorities Arrest Six Over Russian Diamond Imports
By Editors | 27/03/2024
The arrests, which reportedly include some Indian traders, followed the seizure of millions of euros worth of Russian diamonds last month.
CBDCs
SWIFT Concludes Second Phase of CBDC Sandbox Tests
By Ranamita Chakraborty | 27/03/2024
SWIFT will extend its CBDC interlinking solution to support a wider range of emerging digital networks, including platforms for tokenised deposits.
PEPs & Sanctions
OFAC Unveils More Sanctions Over Iran Commodity Shipments
By Editors | 26/03/2024
The sanctions target a Lebanon-based financial facilitator, two vessels, and entities registered in Liberia, India, Vietnam, and Kuwait.
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