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International
Climate Risk
Net-Zero Banking Alliance Issues Revised Guidelines
By Ranamita Chakraborty | 15/03/2024
The revised guidelines require NZBA members to set climate targets for their capital markets activities for the first time.
PEPs & Sanctions
OFAC Penalises Swiss Bank for Apparent Sanctions Violations
By Editors | 15/03/2024
OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.
PEPs & Sanctions
US Extends Iran Sanctions Waiver Used by Iraq
By Editors | 14/03/2024
The waiver allows Iraq to pay Iran for electricity and natural gas imports into escrow accounts, where the funds can only be used for humanitarian supplies.
PEPs & Sanctions
EU Considers Sanctions Package Targeting Russia Facilitators
By Editors | 14/03/2024
The EU sanctions could target Belarus, North Korea, Iran and other third countries where entities enable Russian access to weapons and sensitive technology.
Fraud, Scams & Cybercrime
Global Leaders Announce International Pact to Combat Fraud
By Mark Johnston | 14/03/2024
The new international agreement includes the G7 and Five Eyes nations, along with Singapore and South Korea.
Anti-Money Laundering
US Court Convicts Alleged Founder of Crypto Mixer ‘Bitcoin Fog’
By Editors | 14/03/2024
Russian-Swiss national Roman Sterlingov was found guilty on four charges, though he maintained his innocence during the jury trial.
Capital Adequacy
Regulation Seen as Key Challenge to Derivatives Industry in 2024
By Manesh Samtani | 13/03/2024
New FIA and Coalition Greenwich research identifies capital requirements as the single greatest issue facing derivatives market participants.
PEPs & Sanctions
Russia Importing UK Luxury Cars via Azerbaijan – Reports
By Editors | 13/03/2024
Azerbaijan received £273mn in vehicle imports from the UK in 2023, a 1,860% increase from the five-year period preceding 2022.
Anti-Money Laundering
Wolfsberg Group Issues Updated Statement on Terrorism Financing
By Manesh Samtani | 13/03/2024
The statement has been updated from the 2002 version to reflect changes in terrorism, CTF measures, and the evolving nature of public-private cooperation.
PEPs & Sanctions
OFAC Sanctions Four for Aiding Bahrain-based Terrorist Group
By Editors | 13/03/2024
OFAC has sanctioned four individuals who fled Bahrain in 2018 to evade terrorism-related charges and wound up in Iran.
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