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International
Enforcement
US Warns Countries Against Allowing Russian Banks to Set Up Branches
By Editors | 26/08/2024
Deputy Treasury Secretary Wally Adeyemo said the US will go after the branches as well as other entities and companies that work with them.
Sanctions
US Announces New Russia Sanctions Against Nearly 400 Targets
By Editors | 26/08/2024
The targets include individuals and entities from across 16 jurisdictions, including China, Hong Kong, Switzerland and the UAE.
Big Picture
Circle Proposes New Capital Management Model for Stablecoins
By Ranamita Chakraborty | 25/08/2024
The proposed framework seeks to provide a comprehensive approach to managing the unique challenges faced by stable value tokens such as stablecoins.
Sanctions
US DOJ Secures Guilty Plea in Venezuela Sanctions Evasion Case
By Editors | 25/08/2024
The DOJ said George Semerene Quintero lied to US suppliers and created false documents as part of a scheme to evade US sanctions and export controls.
AML / KYC
Most Kyrgyz Banks Have Suspended Money Transfers to Russia
By Editors | 25/08/2024
13 of 16 Kyrgyz banks have halted transfers to Russian lenders via their mobile apps. The central bank said this is to “prevent the negative impact of international sanctions”.
AML / KYC
TD Bank Provisions Additional $2.6b for Expected AML Penalties
By Editors | 25/08/2024
TD Bank said a global resolution of investigations by prudential regulators, FinCEN and the DOJ is expected by year-end.
AML / KYC
All Eyes Are on Singapore and its Fight Against Dirty Money
By Tom Keatinge | 22/08/2024
For the past two years, Singapore has led the global fight against dirty money. It’s now time for it to focus on the home front again, says Tom Keatinge.
Enforcement
Latvia Extradites Citizen to Face US Charges for Russian Exports
By Editors | 22/08/2024
Oleg Chistyakov conspired with two US nationals to sell sophisticated avionics equipment to Russian companies, in violation of sanctions.
Fintech / Regtech
BIS Innovation Hub to Develop ISO 20022 Data Analytics Platform
By Editors | 22/08/2024
The Project Keystone platform will support the growing adoption of ISO 20022 standards in payment systems worldwide.
ESG / Sustainability
CDP Announces Reporting Delay Due to “Technical Issues”
By ESG Investor | 22/08/2024
CDP said it has implemented an improvement plan and will be developing fixes throughout this month to address data-entry challenges.
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