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Big Picture
BIS Urges Central Banks to Keep Pace with AI
By Nithya Subramanian | 27/06/2024
In the financial sector, AI can improve efficiencies and lower costs for payments, lending, insurance and asset management, the BIS said.
ESG / Sustainability
New Guidance Issued for Green Enabling Projects and SLLBs
By Editors | 26/06/2024
SLLBs, or “Sustainability-Linked Loan financing Bonds”, will enable issuers to finance or re-finance portfolios of sustainability-linked loans.
Sanctions
Canada Imposes Additional Sanctions Targeting Hamas
By Editors | 26/06/2024
The sanctions target nine individuals and two entities that facilitated, supported, and provided funding for the Hamas attacks on Israel last October.
Sanctions
OFAC Targets Iranian ‘Shadow Banking’ Network With Sanctions
By Editors | 26/06/2024
The sanctions target 25 companies based in Hong Kong, 13 in UAE, five in Iran, and one each in Türkiye and Marshall Islands.
Crypto / Digital Assets
UDPN Launches New Digital Currency Management Systems
By Manesh Samtani | 26/06/2024
One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.
Sanctions
EU Imposes New Cyber Sanctions Against Six Russian Actors
By Editors | 25/06/2024
The sanctions target two ‘Callisto group’ members, two ‘Armageddon hacker group’ members, and two others involved in deploying ‘Conti’ and ‘Trickbot’ malware.
Crypto / Digital Assets
EU Council Formally Adopts 14th Russia Sanctions Package
By Editors | 25/06/2024
The measures target Russia’s LNG sector, sanctions circumvention, the finance sector, Russian disinformation, dual-use goods, and 27 “shadow fleet” vessels.
Crypto / Digital Assets
SNB Extends CBDC Project ‘Helvetia’ for Two More Years
By Editors | 24/06/2024
The SNB said it has become “the world’s first central bank” to carry out a monetary policy operation in a live production environment using DLT.
Sanctions
FATF Must Blacklist Russia Over DPRK Partnership, Ukraine Says
By Manesh Samtani | 24/06/2024
RUSI’s Tom Keatinge says the FATF could damage its legitimacy if it doesn’t have a response to the strengthening of ties between Russia and North Korea.
Sanctions
Malaysia, Thailand Commencing Procedures to Join BRICS
By Editors | 24/06/2024
Thailand has submitted a formal letter of intent to join BRICS. Malaysia has decided to join and will start work on the formal procedures “soon”.
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