International

PEPs & Sanctions

US Commerce Dept Expands Export Controls Against Iran

By Editors | 24/07/2024

The expansion of export controls seeks to address concerns regarding Iran’s potential use of US technology in weapons systems.

PEPs & Sanctions

Japan Imposes First Sanctions Against Israelis in West Bank

By Editors | 24/07/2024

Japan designated four Israeli settlers involved in violent acts against Palestinians as targets for asset freezing measures.

PEPs & Sanctions

OFAC Issues New Form for Reporting Russian Sovereign Assets

By Editors | 24/07/2024

The form is part of implementing a law passed in April to enable the confiscation of Russian sovereign assets frozen in the US.

Emerging Prudential Risks

NBFI Vulnerabilities Remain Largely Unaddressed, Warns FSB

By Manesh Samtani | 22/07/2024

The global financial system remains susceptible to further shocks, the FSB says, calling for faster implementation of reforms to address NBFI vulnerabilities.

PEPs & Sanctions

UK Publishes Briefing on Third Countries Helping Russia

By Manesh Samtani | 22/07/2024

The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.

Cybersecurity

Global IT Outage: ‘Significant Number’ of Affected Devices Back Online

By Manesh Samtani | 22/07/2024

NAB, CBA, SGX, LSE, Amex, Barclays, Macquarie Capital, and TD Bank were among those impacted, along with some Indian and Philippine banks.

Anti-Money Laundering

Singapore Says Jho Low Red Notice Remains in Effect

By Nithya Subramanian | 22/07/2024

Jho Low’s civil settlement with the US DOJ has “no bearing” on criminal investigations against him and his associates in Singapore.

Fraud, Scams & Cybercrime

OFAC Sanctions Two Members of the ‘Cyber Army of Russia’

By Editors | 21/07/2024

Two Russian nationals separately pleaded guilty to participating in LockBit ransomware attacks, the DOJ announced separately.

Clearing & Post-Trade

FMSB Drafts Standard for Sharing Standard Settlement Instructions

By Editors | 20/07/2024

The draft standard aims to increase the adoption of electronic solutions for sharing SSIs and address errors and inefficiencies in current processes.