International

PEPs & Sanctions

G7 Warns of Sanctions if Iran Delivers Missiles to Russia

By Editors | 17/03/2024

If Iran delivers ballistic missiles to Russia, Iran Air flights to European cities could be suspended, among other unspecified measures.

ESG Data

BIS Project to Address Scarcity of Scope 3 Data

By Manesh Samtani | 15/03/2024

Project Symbiosis aims to address the lack of comprehensive emissions data from SMEs that are part of larger supply chains.

AI Risk & Governance

Artificial Intelligence Act Passed by European Parliament

By Mark Johnston | 15/03/2024

Members of Parliament voted to adopt the final text of the EU AI Act, which will seek to promote AI innovation while also defending against risks.

Anti-Money Laundering

GCFFC Offers Guidance on Using AI to Fight Financial Crime

By Manesh Samtani | 15/03/2024

The guidance describes how FIs are using AI to fight financial crime and identifies opportunities to improve AML/CFT effectiveness.

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.