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International
AML / KYC
GCFFC Calls for Better Access to Global Beneficial Ownership Data
By Manesh Samtani | 12/09/2024
In a new report, the GCFFC outlines key considerations for building technological systems to standardise the collection and publication of BO data across jurisdictions.
Sanctions
OFAC Sanctions Hezbollah Oil and LPG Smuggling Network
By Editors | 12/09/2024
The sanctions target a senior Hezbollah finance team official, two Lebanese businessmen and companies they operate, along with a shipping company and two vessels.
Sanctions
US Says China Providing Direct Support to Russian Military
By Editors | 12/09/2024
US Deputy Secretary of State Kurt Campbell said China is supplying items that are directly helping Russia’s military effort in Ukraine.
Enforcement
Israeli National Pleads Guilty for Exporting Aircraft Parts to Russia
By Editors | 11/09/2024
Gal Haimovich exported US-made aircraft parts and avionics to Maldives and UAE intermediaries for ultimate delivery to Russian airline companies.
Enforcement
US Authorities Arrest Man for Selling Laser Equipment to Russia
By Editors | 11/09/2024
The man allegedly sold laser equipment to a Russian citizen who then resold the goods to a subsidiary of Russian state nuclear company Rosatom.
Sanctions
US, UK Sanction Iran Over Missile Delivery to Russia
By Editors | 11/09/2024
The UK, France and Germany will also cancel air services arrangements with Iran, restricting Iran Air’s ability to fly into the UK and Europe.
Crypto / Digital Assets
Japan’s Megabanks to Pilot Blockchain Cross-Border Payments System
By Thisanka Siripala | 10/09/2024
The Japanese megabanks will start piloting stablecoins to simplify the cross-border payments process. The new system is expected to go live in 2025.
AML / KYC
France Releases Telegram CEO on €5m Bail and Conditions
By Manesh Samtani | 10/09/2024
Telegram modified its content moderation policies, allowing users to flag content in private and group chats that they believe is illegal, among other changes.
ESG / Sustainability
BIS, NGFS Developing Enhanced Climate Risk Data Platform
By Editors | 10/09/2024
The NGFS Data Directory 2.0 aims to enhance how the financial sector accesses and utilises climate risk data.
Sanctions
Moldovan Banks Stop Accepting Money Transfers from Russia
By Editors | 10/09/2024
The four remaining Moldovan banks that were still accepting transfers via Russia’s Zolotaya Korona system have stopped doing so.
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