International

Crypto / Digital Assets

SWIFT Concludes Second Phase of CBDC Sandbox Tests

By Ranamita Chakraborty | 27/03/2024

SWIFT will extend its CBDC interlinking solution to support a wider range of emerging digital networks, including platforms for tokenised deposits.

Sanctions

OFAC Unveils More Sanctions Over Iran Commodity Shipments

By Editors | 26/03/2024

The sanctions target a Lebanon-based financial facilitator, two vessels, and entities registered in Liberia, India, Vietnam, and Kuwait.

Securities / Derivatives

ISDA to Commence Work to Update FX Standards

By Manesh Samtani | 26/03/2024

CEO Scott O’Malia said ISDA is also prioritising the development of a new industry notices hub and continuing to engage with US policymakers on the proposed Basel III reforms.

ESG / Sustainability

Climate Finance Held Back by VCM Participation Barriers – Report

By Manesh Samtani | 26/03/2024

Companies say they would substantially boost their investments in decarbonisation if purchases of carbon credits were recognised and incentived by standard-setters.

Crypto / Digital Assets

ESMA Finalises First MiCA Rules, Issues New Consultation

By Manesh Samtani | 26/03/2024

The rules set out authorisation requirements for CASPs and notification requirements for regulated financial entities seeking to provide crypto services.

AML / KYC

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.

AML / KYC

Bring Environmental Crime Back into Policy Spotlight: World Bank

By Editors | 26/03/2024

World Bank blog post calls for increased coordination between money-laundering prevention and environmental protection agencies.

Crypto / Digital Assets

OFAC Sanctions Crypto Targets Over Russia Sanctions Evasion

By Editors | 26/03/2024

The sanctioned entities either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, enabling potential sanctions evasion.

Enforcement

US, UK Announce Sanctions Against China-based Hackers

By Editors | 26/03/2024

A front company allegedly operating for China was sanctioned, along with 2 members of hacking group APT31. DOJ unsealed criminal charges against 7 individuals.