International

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.

Clearing & Post-Trade

ISDA to Commence Work to Update FX Standards

By Manesh Samtani | 26/03/2024

CEO Scott O’Malia said ISDA is also prioritising the development of a new industry notices hub and continuing to engage with US policymakers on the proposed Basel III reforms.

Sustainable Finance

Climate Finance Held Back by VCM Participation Barriers – Report

By Manesh Samtani | 26/03/2024

Companies say they would substantially boost their investments in decarbonisation if purchases of carbon credits were recognised and incentived by standard-setters.

Cryptocurrency

ESMA Finalises First MiCA Rules, Issues New Consultation

By Manesh Samtani | 26/03/2024

The rules set out authorisation requirements for CASPs and notification requirements for regulated financial entities seeking to provide crypto services.

Anti-Money Laundering

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.