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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.
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.
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.
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.
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.
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.
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.
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.
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.
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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