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International
Sanctions
US Sanctions 3 Entities, 11 Vessels Over Iran’s ‘Nuclear Escalations’
By Editors | 01/07/2024
US Secretary of State Antony Blinken said Iran’s plans to further expand its nuclear programme “have no credible peaceful purpose”.
Sanctions
EU Imposes New Restrictive Measures Against Belarus
By Editors | 01/07/2024
The measures mirror several of the restrictive measures already in place against Russia to address circumvention.
AML / KYC
FATF Adds Monaco, Venezuela to Grey List; Removes Two Others
By Manesh Samtani | 01/07/2024
The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.
Securities / Derivatives
ISDA Launches Framework On Termination of Derivatives Contracts
By Nithya Subramanian | 28/06/2024
The ISDA Close-out Framework serves as a preparatory resource, enabling firms to coordinate internal business functions, stakeholders and other service providers.
Sanctions
Canada Issues New Sanctions Over Settler Violence in West Bank
By Editors | 28/06/2024
Seven individuals and five entities were sanctioned for facilitating acts of violence by Israeli extremist settlers against Palestinians.
ESG / Sustainability
ISSB Commits to Driving Global Harmonisation in New Work Plan
By Editors | 27/06/2024
The new two-year work includes work to streamline and consolidate frameworks and standards for disclosures about transition plans.
Sanctions
Iraq’s Al-Huda Bank Cut Off from US Financial System
By Editors | 27/06/2024
FinCEN rule identifies Al-Huda Bank as a “foreign financial institution of primary money laundering concern”.
Enforcement
OFAC Fines Italian Animation Company for Sanctions Violations
By Editors | 27/06/2024
Mondo TV made wire transfers via US financial institutions to an animation studio owned by the North Korean government.
AML / KYC
New AMLA to Receive EBA’s AML/CFT Powers by End 2025
By Editors | 27/06/2024
The EBA said it will transfer its AML/CFT powers and mandates to the AMLA by the end of December 2025.
Big Picture
BIS Urges Central Banks to Keep Pace with AI
By Nithya Subramanian | 27/06/2024
In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.
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