INTERNATIONAL

ESG / Sustainability

ASEAN Taxonomy Version 3 Takes Effect Following Revisions

By Editors | 02/01/2025

Version 3 of the ASEAN Taxonomy was revised before it took effect to provide greater clarity on the two new focus sectors.

Sanctions

US Sanctions Billionaire Founder of Georgia’s Ruling Party

By Editors | 31/12/2024

The US said Bidzina Ivanishvili and the Georgian Dream party have “eroded democratic institutions” and “enabled human rights abuses”

Sanctions

Russia Already Using Bitcoin in Foreign Trade Transactions – Reports

By Editors | 30/12/2024

Russian Finance Minister said bitcoin  is already being used in foreign trade transactions as part of a new “experimental regime”.

Sanctions

US Commerce Dept Fines Materials Supplier for Exports to Russia

By Editors | 29/12/2024

Indium shipped solder materials used in electronics manufacturing to Russia on 11 occasions between April 2022 and March 2023

Enforcement

1MDB Files Suit Against Corporate Service Provider Amicorp

By Editors | 28/12/2024

1MDB alleges HK-headquartered Amicorp used shell companies and fraudulent financial structures to facilitate the misappropriation of assets.

AML / KYC

FATF Publishes Six Mutual Evaluation, Four Follow-up Reports

By Editors | 28/12/2024

New reports available for Marshall Islands, Nauru, Timor Leste, PNG, Oman, Argentina, Georgia, Monaco, Croatia, Poland

Big Picture

BIS Paper Encourages Wider Global Adoption of FPS

By Manesh Samtani | 26/12/2024

The paper examines how FPS have revolutionised payments, drawing lessons from Brazil’s Pix, Costa Rica’s SINPE Móvil, and India’s UPI.

AML / KYC

UN General Assembly Adopts New Cybercrime Convention

By Manesh Samtani | 26/12/2024

The Convention will help to address online child sexual abuse, sophisticated online scams and money laundering

Capital / Liquidity

Findings Released from Probe into Credit Suisse Rescue Deal

By Manesh Samtani | 25/12/2024

The parliamentary probe found shortcomings but “no misconduct” by Swiss authorities and said they ultimately “prevented a global financial crisis”.