INTERNATIONAL

Sanctions

EU Mulls Expansion of Export Controls to Subsidiaries of EU Firms

By Editors | 21/09/2024

The EU is reportedly considering expanding export restrictions to subsidiaries of EU companies, and increasing focus on third country FIs.

Sanctions

OFAC Targets Russia-DPRK Sanctions Evasion Network

By Editors | 20/09/2024

New sanctions have been imposed on five entities and an individual for helping to establish payment mechanisms between Russia and North Korea.

Sanctions

UK Imposes Trade Sanctions Targeting Iran Defence Industry

By Editors | 20/09/2024

The new measures are part of the UK’s response to reports that Iran has delivered ballistic missiles to Russia.

Sanctions

Armenia Accused of Facilitating Russian Sanctions Evasion

By Editors | 20/09/2024

NGOs from Azerbaijan claim that several EU countries including Greece and Cyprus are continuing to conduct trade with Russia through Armenia.

ESG / Sustainability

SBTi Net Zero Standard to Boost Banks’ Transition

By ESG Investor | 20/09/2024

New framework will increase expectations on deforestation and fossil fuels while raising climate-related ambition of financial institutions.

AML / KYC

Europol Leads Takedown of Messaging Platform Used by Criminals

By Manesh Samtani | 19/09/2024

A total 51 suspects have been arrested, including 38 in Australia, where the platform’s mastermind was located and a drug lab was dismantled.

Fintech / Regtech

Global Data Sharing Standards Needed to Combat Financial Crime

By Thisanka Siripala | 18/09/2024

The GCFFC has published a paper calling for the development of legal pathways for cross-border data sharing for the purpose of combatting financial crime.

Securities / Derivatives

Saudi Exchange to List First HK-Focused ETFs This Year

By Editors | 18/09/2024

Hong Kong listed APAC’s first Saudi-focused ETF in November 2023. Paul Chan said two HK-focused ETFs will list in Saudi Arabia this year.

Sanctions

US, Canada Announce New Human Rights Sanctions on Iran

By Editors | 18/09/2024

Iran’s new President Masoud Pezeshkian, who took office in July, said he will ensure that authorities do not “bother” women.