International

Sanctions

Russia Seizes Assets of Deutsche Bank, Commerzbank, UniCredit

By Editors | 22/05/2024

The banks were among the guarantor lenders under a contract for the construction of a gas processing plant which was terminated due to sanctions.

Fintech / Regtech

Top Tech firms Commit to AI Safety at Seoul Summit

By Nithya Subramanian | 22/05/2024

Google, Meta, Microsoft, OpenAI and others have pledged to not develop or deploy AI models if the risks cannot be sufficiently mitigated.

Crypto / Digital Assets

Ghana Completes Cross-border eCedi Transaction With Singapore

By Nithya Subramanian | 21/05/2024

Transactions were made on a decentralised network using a Singapore dollar stablecoin and Ghana’s new digital currency, the eCedi.

ESG / Sustainability

NGFS Offers Central Banks Sustainable Investing Insights

By ESG Investor | 21/05/2024

The NGFS encourages all central banks and supervisors globally to include sustainability considerations in their portfolio management.

Sanctions

Australia, UK Join Allies in Targeting DPRK-Russia Arms Trade

By Editors | 18/05/2024

Australia targeted six entities while the UK targeted three companies and one individual for their involvement in North Korea-Russia arms trade.

AML / KYC

FATF Publishes Updated Procedures for Mutual Evaluations

By Editors | 17/05/2024

FATF will prioritise countries whose assessments are most outdated, that face higher risks and have important financial sectors.

Crypto / Digital Assets

CME Group Plans to Launch Spot Bitcoin Trading – Report

By Nithya Subramanian | 17/05/2024

Traders and fund managers say they want to buy and sell bitcoin on a regulated marketplace.

Sanctions

OFAC Sanctions Russians for Over DPRK Weapons Transfers

By Editors | 17/05/2024

Two individuals and three entities were sanctioned for facilitating weapons transfers between Russia and North Korea.

ESG / Sustainability

ICMA Proposes Draft Code for ESG Data Providers

By Manesh Samtani | 17/05/2024

The draft Code of Conduct was prepared by an ICMA-led industry working group that was sponsored by Hong Kong’s SFC.