International

Emerging Prudential Risks

FSB Proposes Recommendations to Address Leverage in NBFI

By Editors | 19/12/2024

The policy recommendations seek to address financial stability risks arising from leverage in non-bank financial institutions.

PEPs & Sanctions

US Sanctions 7 Targets for Aiding Iranian UAV Development

By Editors | 19/12/2024

One of the sanctioned individuals supplied technology used by Iran to kill three US service members in Jordan earlier this year.

Cryptocurrency

ESMA Releases Last Batch of Policy Documents for MiCA

By Editors | 19/12/2024

The new package includes standards on preventing market abuse and guidelines on suitability and crypto-asset transfer services.

PEPs & Sanctions

Europe Announces Measures to Counter Russian Shadow Fleet

By Editors | 19/12/2024

12 countries will work together to counter the shadow fleet by checking suspicious vessels for valid insurance documents.

PEPs & Sanctions

South Korea Imposes Sanctions Over Russia-DPRK Cooperation

By Editors | 18/12/2024

The targets include North Korean military officials, Russian businessmen and companies, and banks involved in Russia-DPRK transactions.

PEPs & Sanctions

OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea

By Editors | 18/12/2024

The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.

PEPs & Sanctions

UK Imposes Sanctions on 20 More Russian Shadow Fleet Vessels

By Editors | 18/12/2024

Shadow fleet ships are left “idling uselessly outside ports, which is costing Putin and his war effort millions in wasted funds,” the UK said.

PEPs & Sanctions

OFAC Sanctions 20 Targets Linked to Global Drug Trafficking

By Editors | 18/12/2024

The sanctions targets, located across seven countries, include Australian David Thackray and New Zealander Ho Kai Leung.

Stablecoins

Ripple Launches USD Stablecoin on Global Crypto Exchanges

By Editors | 18/12/2024

RLUSD is backed by USD deposits, US treasuries and cash equivalents. Third-party attestations of the reserve assets will be published monthly.