International

ESG / Sustainability

PIOB Certifies IESBA’s Global Ethics Sustainability Standards

By Manesh Samtani | 22/01/2025

IESBA’s ethics standards for sustainability reporting will be launched in conjunction with IAASB’s sustainability assurance standard on 27 January

ESG / Sustainability

IESBA to Develop New Governance Framework for Accounting Firms

By Thisanka Siripala | 21/01/2025

The framework will be designed to promote, support and reinforce a high standard of ethical behaviour at accounting firms

Enforcement

OFAC Fines Machine Tools Manufacturer for Violating Russia Sanctions

By Editors | 21/01/2025

OFAC said firms should ensure they implement effective measures to prevent both direct and indirect access to their goods and services by blocked persons

Enforcement

OFAC Fines Real Estate Company for Sanctions Evasion Scheme

By Editors | 20/01/2025

OFAC said FIs that deal with gatekeepers should conduct sufficient due diligence to ensure they are not acting as proxies for sanctioned parties

Crypto / Digital Assets

Illicit Activity in Crypto is Decreasing, TRM Labs Finds

By Thisanka Siripala | 20/01/2025

Illicit activity in crypto decreased in 2024 as a proportion of total transactions, but ransomware, fraud, and sanctions related threats continue to persist

ESG / Sustainability

Fed Leaves NGFS, Adding to Wave of US Exits from Global Climate Coalitions

By Manesh Samtani | 19/01/2025

NGFS said it regrets but respects the Fed’s decision. NZAM has separately suspended key activities in apparent response to BlackRock’s exit.

Sanctions

OFAC Unveils Final Set of Sanctions Under Biden Presidency

By Editors | 19/01/2025

The latest sanctions announcements were made over the Sudan conflict, North Korean IT workers, Houthi financing and Chinese cyber attacks.

Sanctions

US Bolsters Export Controls Ahead of Presidential Transition

By Manesh Samtani | 19/01/2025

The export controls target advanced chips, laboratory instruments, and automotive hardware and software from China. 26 firms added to Entity List.

Sanctions

US Announces Final Russia Sanctions of Biden Administration

By Editors | 18/01/2025

The US re-designated almost 100 entities so it has the power to impose secondary sanctions on foreign persons, including foreign FIs, that do business with them