INTERNATIONAL

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    Enforcement

    Switzerland Announces $152mn Penalty Order Against Glencore

    By Editors | 06/08/2024

    The penalty order resolves a four-year criminal investigation into Glencore by Swiss and Dutch authorities.

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    Crypto / Digital Assets

    Ripple Integrates Tokenised US Treasury Bills on XRP Ledger

    By Ranamita Chakraborty | 04/08/2024

    Ripple established a partnership with Singapore-based OpenEden to integrate tokenised T-bills on the XRP Ledger.

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    ESG / Sustainability

    GRI and TNFD Publish Guidance for Biodiversity Reporting

    By ESG Investor | 04/08/2024

    The guidance will help GRI reporters align with the TNFD recommendations and assist TNFD adopters in aligning with the GRI standards.

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    Enforcement

    UK SFO Charges Ex-Glencore Employees Over Bribery Scheme

    By Editors | 03/08/2024

    Five former Glencore employees are charged with conspiring to make corrupt payments to benefit the company’s oil operations in West Africa.

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    Crypto / Digital Assets

    Montenegro Confirms Decision to Extradite Do Kwon to Korea

    By Manesh Samtani | 02/08/2024

    The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.

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    ESG / Sustainability

    Singapore Government Creates Carbon Credit Alliance

    By ESG Investor | 02/08/2024

    The Singapore Carbon Market Alliance will serve as a platform for companies to acquire carbon credits, build knowledge, and discuss issues related to Article 6.

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    Sanctions

    OFAC Sanctions More Houthi Procurement Facilitators

    By Editors | 02/08/2024

    The sanctions target “key actors” located in China, Hong Kong, and Yemen who have “directly supported” the Houthis’ weapons procurement efforts.

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    Sanctions

    China Adjust Export Controls for Drones and Related Tech

    By Editors | 02/08/2024

    The measures explicitly ban the export of all civilian drones that are intended for “non-peaceful purposes” such as terrorist and military activities.

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    Crypto / Digital Assets

    Russia Advances Bill to Enable Cross-border Payments in Crypto

    By Editors | 01/08/2024

    The law is expected to take effect on 1 September, formally allowing the use of crypto in payments for international trade transactions.

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    Crypto / Digital Assets

    BIS Develops Prototype Monitoring Platform for Stablecoins

    By Manesh Samtani | 01/08/2024

    The Pyxtrial platform provides near real time data about stablecoins’ balance sheets, enabling a more efficient and responsive monitoring process for supervisors.

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