International

Market Infrastructure

DTCC Opens Access to OTC Derivatives Market Data

By Editors | 09/11/2023

“OTC Direct Connect” allows market participants to access OTC derivatives transaction data that are reportable in the US and Canada.

ESG / Sustainability

VCMI Unveils Early Adopters of Claims Code of Practice

By ESG Investor | 09/11/2023

Companies involved in the Early Adopters Programme include Bain & Company, Boston Consulting Group, and Natura.

Crypto / Digital Assets

HSBC to Launch Custody Service for Tokenised Securities

By Editors | 09/11/2023

The new digital assets custody service will launch in 2024, using custody infrastructure provided by Ripple-owned Metaco.

Sanctions

UK Targets Russian Gold and Oil as EU Preps New Sanctions Package

By Editors | 08/11/2023

UK government announced asset freezes on 29 individuals and entities in Russia’s gold, oil, and strategic sectors.

Enforcement

New OFAC Settlement Highlights Compliance for E-Commerce

By Editors | 07/11/2023

The US Treasury Department said a US-based online rewards company failed to identify transactions involving persons in Crimea, Cuba, Iran, and Syria.

Sanctions

US Commerce Department Fines Manufacturer for Aiding Israeli Boycott

By Editors | 05/11/2023

The US-based manufacturer admitted to violating the US Antiboycott Regulations by certifying that shipments to the Middle East did not contain Israeli-origin goods.

Sanctions

US Sanctions Russian National for Laundering Funds for Wealthy Clients

By Editors | 05/11/2023

Ekaterina Zhdanova allegedly helped wealthy clients evade sanctions and move money internationally using crypto and other channels.

Crypto / Digital Assets

CPMI Assesses Benefits of Stablecoins in Cross-border Payments

By Manesh Samtani | 05/11/2023

CPMI says stablecoins would not necessarily have a positive impact on cross-border payments even if they were properly designed and regulated.

AML / KYC

US Jury Convicts FTX’s Sam Bankman-Fried on Fraud Charges

By Editors | 03/11/2023

Bankman-Fried faces up to 110 years in prison when he is sentenced in March. He also faces another trial for alleged foreign bribery and bank fraud conspiracies.