INTERNATIONAL

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    Sanctions

    OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments

    By Editors | 10/06/2024

    The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.

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    AML / KYC

    GCFFC APAC Chapter Publishes First Financial Scams Report

    By Manesh Samtani | 10/06/2024

    The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.

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    Sanctions

    Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

    By Editors | 10/06/2024

    Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

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    Sanctions

    G7 Expected to Issue Warning to Chinese Banks This Week

    By Editors | 09/06/2024

    G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.

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    Enforcement

    DOJ Secures Guilty Plea in Russia Export Control Case

    By Editors | 08/06/2024

    A US-Russian national sent firearm parts, components, and ammunition from the US to Russia, including via Kazakhstan.

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    Sanctions

    IAEA Issues Resolution Calling for Cooperation from Iran

    By Manesh Samtani | 08/06/2024

    When proposing the resolution, the UK, France and Germany noted that the power to “snap back” UN sanctions on Iran is available until October 2025.

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    Sanctions

    Whistleblower Alleges AWS Breached UK Sanctions – Report

    By Editors | 08/06/2024

    A former AWS employee alleges he was unfairly dismissed for raising concerns about facial recognition technology being illegally supplied to Russia.

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    Big Picture

    Significant Progress Made on Cross Border Payments: CPMI

    By Manesh Samtani | 07/06/2024

    More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.

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    Sanctions

    Taiwan Adds Nitrocellulose to Export Control List

    By Editors | 06/06/2024

    Taiwan is expanding its restrictions on exports of nitrocellulose, which is used to make smokeless gunpowder and ammunition propellant.

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    Securities / Derivatives

    FIA, DMIST Publishes New Standards on Average Pricing

    By Editors | 06/06/2024

    DMIST calls for CCPs globally to adopt the new average pricing standards, to drive consistency and improve allocation processes.

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