International

Sanctions

OFAC Sanctions the Head of the Wagner Group in Mali

By Editors | 30/05/2023

OFAC says the Wagner Group has been attempting to purchase military systems from foreign suppliers and routing these weapons through Mali for use in Ukraine.

Enforcement

Singapore Court Order Credit Suisse to Pay Georgian Billionaire

By Editors | 29/05/2023

Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.

ESG / Sustainability

UPDATED – More Global Insurers Leave Net-Zero Insurance Alliance

By Ranamita Chakraborty | 29/05/2023

The Net-Zero Insurance Alliance has lost members due to pressure from the anti-ESG movement in the US.

Crypto / Digital Assets

WEF Calls For Global Collaboration in Regulating Crypto-Assets

By Ranamita Chakraborty | 29/05/2023

A new WEF report offers recommendations on collaborative pathways for global crypto-asset regulation.

Capital / Liquidity

CCP Margin Models Lack Transparency, Predictability – Report

By Manesh Samtani | 27/05/2023

New BCBS-CPMI-IOSCO report examines the impact of CCP margin models on market participants in the aftermath of Russia’s invasion of Ukraine last year.

ESG / Sustainability

SBTN Takes “Integrated Approach” to Nature Targets

By ESG Investor | 26/05/2023

The first science-based targets for nature provide corporates with the guidance, methods and tools to thrive in an equitable net zero, nature-positive future.

AML / KYC

VerifyVASP Becomes First LEI Validation Agent in Crypto Space

By Manesh Samtani | 26/05/2023

VerifyVASP will be able to help VASP clients obtain an LEI, which can be used in counterparty due diligence and travel rule compliance.

ESG / Sustainability

Climate Action Data Trust Unveils Data Dashboard Prototype

By Editors | 26/05/2023

The dashboard currently uses simulated data, but is intended to eventually link, aggregate, and harmonise all major carbon registry data.

ESG / Sustainability

IIGCC Outlines Principles for Enhancing Net Zero Benchmarks

By ESG Investor | 26/05/2023

New IIGCC working group with Bloomberg, FTSE Russell, MSCI, and S&P Global aims to promote best practices and real-world emissions reductions.