INTERNATIONAL

Market Infrastructure

FSB Proposes Common Format for Reporting Operational Incidents

By Editors | 18/10/2024

The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.

AML / KYC

FATF Announces Changes to Grey-Listing Mechanism

By Manesh Samtani | 18/10/2024

The changes are expected to halve the number of lower income countries that are grey-listed in the upcoming assessment cycle.

Sanctions

OFAC Sanctions Hezbollah Finance Network and Drug Traffickers

By Editors | 17/10/2024

Three individuals linked to Hezbollah’s finance team were sanctioned, along with three others involved in captagon production and trafficking.

Sanctions

11 Countries Establish Team to Monitor DPRK Sanctions Enforcement

By Manesh Samtani | 17/10/2024

The new Multilateral Sanctions Monitoring Team will take up the work of a UN expert panel that was dissolved by a Russian veto earlier this year.

Sanctions

Western Banks Processed Payments for Russian Warlord – Reports

By Editors | 30/09/2024

C4ADS says Yevgeny Prigozhin was able to establish a transnational criminal empire in Africa in part by hijacking the payments systems of western banks.

Sanctions

US Sanctions Iranian Cyber Actors for Election Interference

By Editors | 30/09/2024

OFAC sanctioned seven individuals while the DOJ unsealed criminal charges accusing three others of hacking Donald Trump’s presidential campaign.

Sanctions

UK OFSI Fines Concierge Services Firm for Sanctions Breaches

By Editors | 30/09/2024

The firm was fined GBP 15,000 for providing property management services to a designated person subject to an asset freeze between 2022 and 2023.

Sanctions

G7 Nations Publish Guidance on Preventing Russian Sanctions Evasion

By Editors | 30/09/2024

The guidance is aimed at preventing Russia from evading sanctions and export controls and obtaining the components it needs for its weapons systems.

Enforcement

US Imposes Cyber Sanctions on Russian Crypto Network

By Manesh Samtani | 30/09/2024

Two Russians were also indicted in a coordinated action that additionally involved the seizure of web domains and infrastructure.