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International
ESG / Sustainability
ESMA Tackles Greenwashing with New Tool
By ESG Investor | 10/06/2024
The EU watchdog plans to ramp up scrutiny of sustainable financial products, warning providers not to make “unsubstantiated” claims.
Sanctions
OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments
By Editors | 10/06/2024
The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.
AML / KYC
GCFFC APAC Chapter Publishes First Financial Scams Report
By Manesh Samtani | 10/06/2024
The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.
AML / KYC
Singapore Sentences 9th Individual in Money Laundering Case
By Manesh Samtani | 10/06/2024
Wang Dehai was sentenced to 16 months in prison; 17 other suspects at large overseas; Deposits involved in the case were held at 16 banks.
Sanctions
Myanmar NUG Seeks to Recover $1b Frozen at NY Fed
By Editors | 10/06/2024
Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.
Sanctions
G7 Expected to Issue Warning to Chinese Banks This Week
By Editors | 09/06/2024
G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.
Enforcement
DOJ Secures Guilty Plea in Russia Export Control Case
By Editors | 08/06/2024
A US-Russian national sent firearm parts, components, and ammunition from the US to Russia, including via Kazakhstan.
Sanctions
IAEA Issues Resolution Calling for Cooperation from Iran
By Manesh Samtani | 08/06/2024
When proposing the resolution, the UK, France and Germany noted that the power to “snap back” UN sanctions on Iran is available until October 2025.
Sanctions
Whistleblower Alleges AWS Breached UK Sanctions – Report
By Editors | 08/06/2024
A former AWS employee alleges he was unfairly dismissed for raising concerns about facial recognition technology being illegally supplied to Russia.
Big Picture
Significant Progress Made on Cross Border Payments: CPMI
By Manesh Samtani | 07/06/2024
More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.
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