INTERNATIONAL

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    Crypto / Digital Assets

    Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB

    By Editors | 24/07/2024

    New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.

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    Sanctions

    Hong Kong Has Become a Sanctions Evasion Hub: Report

    By Manesh Samtani | 24/07/2024

    New report says Hong Kong has emerged as a “global centre for illicit finance and trade” and the city’s banks should be sanctioned.

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    Sanctions

    US Commerce Dept Expands Export Controls Against Iran

    By Editors | 24/07/2024

    The expansion of export controls seeks to address concerns regarding Iran’s potential use of US technology in weapons systems.

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    Sanctions

    Japan Imposes First Sanctions Against Israelis in West Bank

    By Editors | 24/07/2024

    Japan designated four Israeli settlers involved in violent acts against Palestinians as targets for asset freezing measures.

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    Sanctions

    OFAC Issues New Form for Reporting Russian Sovereign Assets

    By Editors | 24/07/2024

    The form is part of implementing a law passed in April to enable the confiscation of Russian sovereign assets frozen in the US.

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    Crypto / Digital Assets

    NBFI Vulnerabilities Remain Largely Unaddressed, Warns FSB

    By Manesh Samtani | 22/07/2024

    The global financial system remains susceptible to further shocks, the FSB says, calling for faster implementation of reforms to address NBFI vulnerabilities.

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    Sanctions

    UK Publishes Briefing on Third Countries Helping Russia

    By Manesh Samtani | 22/07/2024

    The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.

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    Fintech / Regtech

    Global IT Outage: ‘Significant Number’ of Affected Devices Back Online

    By Manesh Samtani | 22/07/2024

    NAB, CBA, SGX, LSE, Amex, Barclays, Macquarie Capital, and TD Bank were among those impacted, along with some Indian and Philippine banks.

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    Sanctions

    OFAC Sanctions Two Members of the ‘Cyber Army of Russia’

    By Editors | 21/07/2024

    Two Russian nationals separately pleaded guilty to participating in LockBit ransomware attacks, the DOJ announced separately.

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    Market Infrastructure

    FMSB Drafts Standard for Sharing Standard Settlement Instructions

    By Editors | 20/07/2024

    The draft standard aims to increase the adoption of electronic solutions for sharing SSIs and address errors and inefficiencies in current processes.

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