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INTERNATIONAL
Crypto / Digital Assets
Montenegro Confirms Decision to Extradite Do Kwon to Korea
By Manesh Samtani | 02/08/2024
The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.
ESG / Sustainability
Singapore Government Creates Carbon Credit Alliance
By ESG Investor | 02/08/2024
The Singapore Carbon Market Alliance will serve as a platform for companies to acquire carbon credits, build knowledge, and discuss issues related to Article 6.
Sanctions
OFAC Sanctions More Houthi Procurement Facilitators
By Editors | 02/08/2024
The sanctions target “key actors” located in China, Hong Kong, and Yemen who have “directly supported” the Houthis’ weapons procurement efforts.
Sanctions
China Adjust Export Controls for Drones and Related Tech
By Editors | 02/08/2024
The measures explicitly ban the export of all civilian drones that are intended for “non-peaceful purposes” such as terrorist and military activities.
Crypto / Digital Assets
Russia Advances Bill to Enable Cross-border Payments in Crypto
By Editors | 01/08/2024
The law is expected to take effect on 1 September, formally allowing the use of crypto in payments for international trade transactions.
Crypto / Digital Assets
BIS Develops Prototype Monitoring Platform for Stablecoins
By Manesh Samtani | 01/08/2024
The Pyxtrial platform provides near real time data about stablecoins’ balance sheets, enabling a more efficient and responsive monitoring process for supervisors.
ESG / Sustainability
IASB Proposes Climate-related Disclosure Guidance for Financial Statements
By Ranamita Chakraborty | 01/08/2024
Eight illustrative examples are proposed to improve transparency of information about climate-related uncertainties in financial statements.
Sanctions
Austria’s Raiffeisen Working to Sell 60pc of Russian Unit
By Editors | 31/07/2024
Raiffeisen is trying to coordinate with Russian, European and US authorities to sell a 60% stake in its Russian unit.
Market Infrastructure
IIB Warns of Extraterritoriality of Treasury Clearing Proposal
By Editors | 31/07/2024
Under a proposed FICC rule, the SEC’s clearing mandate on US Treasury securities would apply to an entire foreign bank, rather than just its US-based branch.
Sanctions
OFAC Targets Iran Weapons Programmes With New Sanctions
By Editors | 31/07/2024
The sanctions cover two procurement networks that help Iran obtain components for weapons systems, including Hong Kong and China-based targets.
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