International

Sanctions

China Imposes New Export Controls on Strategic Minerals

By Editors | 18/08/2024

The export controls apply to antimony and related products as well as certain equipment and technologies used in materials science and engineering.

Enforcement

US Man Arrested Over Attempts to Export Aircraft Components to Iran

By Editors | 17/08/2024

Jeffrey Chance Nader falsely identified himself to suppliers as the end user of the components, which he attempted to export to the UAE for transshipment to Iran.

Sanctions

OFAC Unveils Fresh Sanctions Against Iranian Shipping Network

By Editors | 16/08/2024

The sanctions target companies based in the Marshall Islands, the UAE, Malaysia and Hong Kong, along with several vessels, for helping to generate revenue for the Houthis.

Sanctions

Russian Central Bank Cancels Banking Licence of Amex Unit

By Manesh Samtani | 16/08/2024

American Express was given approval to liquidate its Russian business in May, two years after it suspended operations in the country.

Securities / Derivatives

Shenzhen, Dubai Sign MOU on Capital Markets Cooperation

By Editors | 16/08/2024

Under the MOU, SZSE and DFM will explore the potential for future dual listings and ETF connectivity between the two markets.

Capital / Liquidity

Ripple Starts Testing Stablecoin for Cross-border Payments

By Editors | 15/08/2024

Ripple plans to use both “RLUSD” and XRP in cross-border payments to serve global customers and “dramatically improve their experience”.

Enforcement

US Treasury Offers Additional Transparency on CFIUS Enforcements

By Editors | 15/08/2024

More information is now available about CFIUS enforcement actions imposed since 2022, the largest being a $60m penalty against T-Mobile.

Fintech / Regtech

NIST Finalises First Three Post-Quantum Encryption Standards

By Manesh Samtani | 15/08/2024

Each standard contains the computer code and instructions for encryption algorithms that can withstand attacks from a quantum computer.

AML / KYC

Global Cybercrime Leader Extradited to Face Charges in the US

By Manesh Samtani | 15/08/2024

Maksim Silnikau was responsible for developing and distributing the Reveton and Ransom Cartel ransomware strains, as well as the Angler Exploit Kit.