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International
Enforcement
US Authorities Charge 14 Over DRPK IT Workers Scheme
By Editors | 12/12/2024
US employers unwittingly employed 14 North Korean IT workers for years and paid them hundreds of thousands of dollars in salary.
Sanctions
US Disburses $20bn Portion of G7 Loan to Support Ukraine
By Editors | 12/12/2024
The funds, part of the $50bn G7 loan package, will be repaid with earnings from the Russian assets frozen by sanctions in Europe.
Sanctions
UK to Help Cyprus Establish Sanctions Implementation Unit
By Editors | 12/12/2024
That new unit will have new analytical tools and powers to investigate sanctions evasion and ensure the effectiveness of Russia-related sanctions.
Market Infrastructure
FINMA Recognises KRX as Qualified Clearing Organisation
By Editors | 12/12/2024
The recognition means Swiss FIs can receive clearing services from KRX, which has previously been recognized by the CFTC and ESMA.
Capital / Liquidity
BCBS Finalises Guidelines on Managing Counterparty Credit Risk
By Editors | 12/12/2024
The guidelines emphasise the importance of counterparty due diligence, good governance and reliable data management.
Crypto / Digital Assets
Iran, Russia to Soon Formalise Anti-Sanctions Alliance – Reports
By Editors | 11/12/2024
Both Iran and Russia are also planning to allow the use of cryptocurrencies as a way to circumvent Western sanctions.
Securities / Derivatives
Transitioning to T+1 Settlement: Challenges for Europe and Asia
By Nithya Subramanian | 11/12/2024
DTCC’s Val Wotton discusses how Asia-based firms will be impacted by the transition to T+1 in the UK and Europe.
Sanctions
OFAC Sanctions Chinese Cybersecurity Company and Employee
By Editors | 11/12/2024
OFAC said the employee was responsible for deploying malware to 81,000 firewalls owned by thousands of businesses worldwide in April 2020.
Sanctions
Canada Sanctions Chinese, Russian Officials for Human Rights Abuses
By Editors | 11/12/2024
The sanctions were announced to mark International Human Rights Day. China said the sanctions violate international law.
Capital / Liquidity
FSB Issues Recommendations to Enhance Non-banks’ Liquidity Preparedness
By Manesh Samtani | 11/12/2024
The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices.
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