International

Sanctions

OFAC Issues New Sanctions Compliance Guidance for Maritime Industry

By Editors | 03/11/2024

The guidance describes five scenarios indicative of sanctions evasion and offers recommendations for maritime sector stakeholders.

Enforcement

Google’s Russia Fines Have Grown to Over $20 Decillion

By Editors | 02/11/2024

A Russian court imposed a daily penalty that had been doubling weekly against Google for blocking the YouTube accounts of Russian broadcasters.

Sanctions

US Targets Almost 400 Entities in Latest Russia Sanctions Package

By Editors | 01/11/2024

The action targets individuals and entities across 17 jurisdictions, including India, China, Switzerland, Malaysia, Thailand, Singapore, and the UK.

ESG / Sustainability

TNFD Consults on Roadmap for Improving Quality of Nature Data

By ESG Investor | 31/10/2024

Taskforce proposes next steps for the Nature Data Public Facility at COP16, building use cases on the path to final recommendations in Q4 2025.

ESG / Sustainability

First Companies Adopt SBTN Nature Targets

By ESG Investor | 31/10/2024

The milestone comes amid COP16 negotiations, where urgent action to preserve biodiversity and halt and reverse nature loss has been in focus.

Sanctions

UK, EU, Canada Announce New Sanctions Targeting Myanmar Military

By Editors | 31/10/2024

The sanctions target those supplying aviation fuel to Myanmar’s military in response to airstrikes against civilians, as well as scam operations in the country.

AML / KYC

FATF Consults on Revisions to Promote Financial Inclusion

By Manesh Samtani | 31/10/2024

The proposed revisions aim to better promote financial inclusion through increased focus on proportionality and simplified measures in the risk-based approach.

AML / KYC

Addressing Non-Latin Script Challenges in Name Screening and AML

By Bradley Maclean | 31/10/2024

As global financial crime becomes more complex, companies like Aereve are pioneering technologies to reduce false positives, enhance compliance, and mitigate risks.

Securities / Derivatives

CME Group Receives Approval to Establish New FCM Unit

By Manesh Samtani | 30/10/2024

The approval has raised concerns about potential conflicts of interest that could arise from CME Group having an FCM under the same roof as its market operations.