INTERNATIONAL

Sanctions

Russia Considers Raising ‘Exit Tax’ for Foreign Firms – Report

By Editors | 23/09/2024

Russian authorities are reportedly considering raising the exit tax from the current 15 percent to as high as 40 percent.

Market Infrastructure

BIS Paper Examines Central Clearing in Government Bonds

By Manesh Samtani | 22/09/2024

New BIS paper says centrally clearing could help mitigate risks and improve intermediation but introduce different challenges.

Crypto / Digital Assets

HSBC Tests Post-Quantum Cryptography With Tokenised Gold

By Manesh Samtani | 21/09/2024

HSBC pilot-tested the ability to move gold tokens across different ledgers while protecting against quantum computing attacks.

Sanctions

EU Parliament Calls for Tougher Sanctions Action on Russia

By Editors | 21/09/2024

EU Parliament adopted a resolution calling for tighter sanctions on Russian fossil fuels and additional measures targeting circumvention.

Sanctions

EU Mulls Expansion of Export Controls to Subsidiaries of EU Firms

By Editors | 21/09/2024

The EU is reportedly considering expanding export restrictions to subsidiaries of EU companies, and increasing focus on third country FIs.

Sanctions

OFAC Targets Russia-DPRK Sanctions Evasion Network

By Editors | 20/09/2024

New sanctions have been imposed on five entities and an individual for helping to establish payment mechanisms between Russia and North Korea.

Sanctions

UK Imposes Trade Sanctions Targeting Iran Defence Industry

By Editors | 20/09/2024

The new measures are part of the UK’s response to reports that Iran has delivered ballistic missiles to Russia.

Sanctions

Armenia Accused of Facilitating Russian Sanctions Evasion

By Editors | 20/09/2024

NGOs from Azerbaijan claim that several EU countries including Greece and Cyprus are continuing to conduct trade with Russia through Armenia.

ESG / Sustainability

SBTi Net Zero Standard to Boost Banks’ Transition

By ESG Investor | 20/09/2024

New framework will increase expectations on deforestation and fossil fuels while raising climate-related ambition of financial institutions.