INTERNATIONAL

ESG / Sustainability

ISSB Commits to Driving Global Harmonisation in New Work Plan

By Editors | 27/06/2024

The new two-year work includes work to streamline and consolidate frameworks and standards for disclosures about transition plans.

Sanctions

Iraq’s Al-Huda Bank Cut Off from US Financial System

By Editors | 27/06/2024

FinCEN rule identifies Al-Huda Bank as a “foreign financial institution of primary money laundering concern”.

Enforcement

OFAC Fines Italian Animation Company for Sanctions Violations

By Editors | 27/06/2024

Mondo TV made wire transfers via US financial institutions to an animation studio owned by the North Korean government.

Big Picture

BIS Urges Central Banks to Keep Pace with AI

By Nithya Subramanian | 27/06/2024

In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.

ESG / Sustainability

New Guidance Issued for Green Enabling Projects and SLLBs

By Editors | 26/06/2024

SLLBs, or “Sustainability-Linked Loan financing Bonds”, will enable issuers to finance or re-finance portfolios of sustainability-linked loans.

Sanctions

Canada Imposes Additional Sanctions Targeting Hamas

By Editors | 26/06/2024

The sanctions target nine individuals and two entities that facilitated, supported, and provided funding for the Hamas attacks on Israel last October.

Sanctions

OFAC Targets Iranian ‘Shadow Banking’ Network With Sanctions

By Editors | 26/06/2024

The sanctions target 25 companies based in Hong Kong, 13 in UAE, five in Iran, and one each in Türkiye and Marshall Islands.

Crypto / Digital Assets

UDPN Launches New Digital Currency Management Systems

By Manesh Samtani | 26/06/2024

One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.

Sanctions

EU Imposes New Cyber Sanctions Against Six Russian Actors

By Editors | 25/06/2024

The sanctions target two ‘Callisto group’ members, two ‘Armageddon hacker group’ members, and two others involved in deploying ‘Conti’ and ‘Trickbot’ malware.