International

PEPs & 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.

PEPs & 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.

Stablecoins

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.

Fraud, Scams & Cybercrime

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.

Tokenisation

HSBC Tokenises Ownership of Physical Gold

By Editors | 03/11/2023

HSBC has developed the capability to create a ‘digital twin’ of physical gold that is custodied in its London vault.

Reporting & Disclosures

PRI, CFA, GSIA Harmonise Definitions for Responsible Investment

By ESG Investor | 03/11/2023

The collaboration responds to calls from regulators for common terms and definitions for the global asset and wealth management industries.

PEPs & Sanctions

US Targets Entities in China, Turkey, UAE in Latest Round of Russia Sanctions

By Editors | 03/11/2023

US Treasury and State Departments sanction more than 200 targets in several countries, as US Commerce Department adds 13 Russian companies to its Entity List.

Climate Risk

Credit Rating Committees Play Vital But Overlooked Role in Climate Risk Integration

By Hazel Ilango | 02/11/2023

Hazel Ilango and Dr Daniel Cash discuss the important role rating committees play in moving toward a credit system that better integrates climate risk.

CBDCs

BIS Innovation Hub Releases Update Report for Project mBridge

By Manesh Samtani | 01/11/2023

The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.