INTERNATIONAL

Crypto / Digital Assets

ICMA Publishes New GMRA Annex Dedicated to Digital Assets

By Editors | 19/08/2024

The Annex was prepared by ICMA, ISLA, and Clifford Chance to provide a standardised framework for documenting repo transactions involving digital assets.

AML / KYC

Lithuania Intensifying Crackdown on Sanctions Evasion Activities

By Editors | 19/08/2024

Over 50 investigations relating to sanctions breaches have been opened in Lithuania. Rulings in several cases have already been issued.

ESG / Sustainability

Major Banks Off-track on Climate: World Resources Institute

By ESG Investor | 19/08/2024

16 of 25 banks assessed have committed to coal financing phase-out by 2040 or earlier, but they are not all taking the necessary steps to get there.

Fintech / Regtech

Getting Your Ducks in a Row for APAC Rules Rewrites

By Priya Kundamal | 19/08/2024

DTCC’s Priya Kundamal discusses the lessons learned from markets that have implemented the first phase of changes to derivatives reporting rules.

Sanctions

China Imposes New Export Controls on Strategic Minerals

By Editors | 18/08/2024

The export controls apply to antimony and related products as well as certain equipment and technologies used in materials science and engineering.

Enforcement

US Man Arrested Over Attempts to Export Aircraft Components to Iran

By Editors | 17/08/2024

Jeffrey Chance Nader falsely identified himself to suppliers as the end user of the components, which he attempted to export to the UAE for transshipment to Iran.

Sanctions

OFAC Unveils Fresh Sanctions Against Iranian Shipping Network

By Editors | 16/08/2024

The sanctions target companies based in the Marshall Islands, the UAE, Malaysia and Hong Kong, along with several vessels, for helping to generate revenue for the Houthis.

Sanctions

Russian Central Bank Cancels Banking Licence of Amex Unit

By Manesh Samtani | 16/08/2024

American Express was given approval to liquidate its Russian business in May, two years after it suspended operations in the country.

Securities / Derivatives

Shenzhen, Dubai Sign MOU on Capital Markets Cooperation

By Editors | 16/08/2024

Under the MOU, SZSE and DFM will explore the potential for future dual listings and ETF connectivity between the two markets.