INTERNATIONAL

Market Infrastructure

Project Nexus Completes Blueprint; Prepares for Live Implementation

By Nithya Subramanian | 02/07/2024

To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.

Crypto / Digital Assets

Trade Bodies to Develop Disclosure Guidelines for Digital Assets

By Editors | 02/07/2024

Four trade associations have organised a Steering Committee to propose new disclosure guidelines for digital asset tokens offered in the US.

AML / KYC

US Sanctions Two Chinese Nationals for Assisting Sinaloa Cartel

By Editors | 01/07/2024

The sanctions include two China-based targets who helped launder illicit drug proceeds belonging to Mexico’s Sinaloa Cartel.

AML / KYC

Wolfsberg Group Calls for More Effective Approach to SARs/STRs

By Manesh Samtani | 01/07/2024

Wolfsberg Group says the value being derived from the constantly increasing volume of SARs/STRs is not contributing proportionately to effective outcomes.

Securities / Derivatives

ISDA Confirms Plans to Develop Industry Notices Hub

By Editors | 01/07/2024

ISDA received “strong support” for the plan and will now work with S&P Global Market Intelligence and Linklaters to build the platform.

Sanctions

US Sanctions 3 Entities, 11 Vessels Over Iran’s ‘Nuclear Escalations’

By Editors | 01/07/2024

US Secretary of State Antony Blinken said Iran’s plans to further expand its nuclear programme “have no credible peaceful purpose”.

Sanctions

EU Imposes New Restrictive Measures Against Belarus

By Editors | 01/07/2024

The measures mirror several of the restrictive measures already in place against Russia to address circumvention.

AML / KYC

FATF Adds Monaco, Venezuela to Grey List; Removes Two Others

By Manesh Samtani | 01/07/2024

The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.

Securities / Derivatives

ISDA Launches Framework On Termination of Derivatives Contracts

By Nithya Subramanian | 28/06/2024

The ISDA Close-out Framework serves as a preparatory resource, enabling firms to coordinate internal business functions, stakeholders and other service providers.