International

Enforcement

OFAC Probes Shipping Companies as Russia Circumvents Oil Sanctions

By Editors | 15/11/2023

US Treasury sent letters to companies seeking information about 100 vessels, according to a Reuters report.

Sanctions

US and UK Announce Sanctions on Hamas Leaders and Financiers

By Editors | 15/11/2023

Latest coordinated US and UK sanctions target Hamas leadership and financial channels in the Middle East.

ESG / Sustainability

UNDP, MAS, GLEIF Launch Global Initiative to Boost MSME Finance

By Editors | 14/11/2023

The initiative proposes to create trusted credentials that characterise an MSME’s financing worthiness based on traditional and alternative data sets.

AML / KYC

Basel AML Index: AML/CFT Systems Have Become Less Effective

By Editors | 14/11/2023

The 2023 Basel AML Index highlights a drop in the effectiveness of AML/CFT systems and inadequate compliance globally with the FATF standards for virtual assets.

Enforcement

EU Parliament Calls for Stronger Russia Sanctions Enforcement

By Editors | 13/11/2023

Resolution urges EU to strengthen enforcement of existing sanctions while adopting new sanctions on Russian petroleum and diamonds, including refined products from India and other markets.

Sanctions

Canada Sanctions News Outlets Linked to Russian Disinformation

By Editors | 12/11/2023

The nine individuals and six entities are accused of spreading information justifying Russian aggression against Ukraine, Canada’s foreign ministry said.

Crypto / Digital Assets

Countries to Start Sharing Tax Information on Crypto by 2027

By Editors | 12/11/2023

The 48 countries pledge to implement the CARF at the local level in time for automatic exchanges of tax relevant-information on crypto-assets to commence by 2027.

Capital / Liquidity

BIS Paper Addresses Supervisory Challenges of LEX Standard

By Manesh Samtani | 10/11/2023

The paper says automated tools can make supervisory oversight of the LEX standard more efficient, and additional international guidance could help harmonise practices.

ESG / Sustainability

NGFS Publishes 4th Iteration of Long-term Climate Scenarios

By Editors | 10/11/2023

The scenarios have been updated to incorporate acute physical risks and provide further insights on how physical risks and transition policies affect the macroeconomy.