International

ESG / Sustainability

SBTN Updates Guidance for Nature Targets

By ESG Investor | 15/07/2024

The Science Based Targets Network laid out five steps corporates should take to align their approach to nature with science.

Sanctions

US Sanctions Iranian Chemical Weapons Research Company

By Editors | 15/07/2024

This is the first time the Biden administration has imposed sanctions against Iran’s chemical weapons programme.

EU Seeking to Prevent Sanctions Evasion via Vietnam, Malaysia

By Editors | 15/07/2024

EU sanctions envoy David O’Sullivan said China is a “growing problem” as a circumvention hub, but Vietnam and Malaysia are among the next priorities.

Sanctions

FinCEN Issues New Alert on Financing of West Bank Violence

By Editors | 12/07/2024

The alert provides additional red flag indicators. New sanctions on three individuals and five entities also announced.

RBI Further Opens GIFT City Banking to Indian Residents

By Ajoy K Das | 12/07/2024

The change is expected to contribute to developing GIFT City’s banking environment and boost business prospects for the financial hub.

AML / KYC

Australia, US to Help Boost Correspondent Banking in Pacific

By Manesh Samtani | 11/07/2024

Australia pledged A$6.3mn in funding to help counter the decline in correspondent banking services in the Pacific.

Sanctions

US: Two Men Plead Guilty to Russia Export Control Violations

By Editors | 11/07/2024

The two men shipped US-manufactured dual-use electronics to Turkey, Hong Kong, India, China, and UAE before they were rerouted to Russia.

AML / KYC

FATF Calls for Urgent Action to Regulate Gatekeeper Professions

By Manesh Samtani | 11/07/2024

Australia, China, the US, and South Korea scored the lowest on compliance with the FATF’s corruption prevention standards.

Sanctions

Switzerland Expands Sanctions Against Russia

By Editors | 10/07/2024

The targets align with the EU’s 14th package, but measures targeting the energy, financial and goods sectors are still being examined.