INTERNATIONAL

Sanctions

US Expands Russia Sanctions Ahead of G7 Leaders Meeting

By Manesh Samtani | 13/06/2024

New sanctions target Russian financial infrastructure as well as entities in China, Hong Kong, Singapore and Thailand.

AML / KYC

Russia to Dirupt FATF Plenary in Singapore, Ukraine Warns

By Editors | 12/06/2024

Ukraine is reportedly warning that Russia will send officials to the FATF Plenary in an attempt to “contact, influence and pressure delegates”.

Capital / Liquidity

Bank Failures of 2023 Show Lack of Focus on Culture Risk

By Manesh Samtani | 12/06/2024

Starling Compendium says culture and conduct risk should be recognised by prudential regulators as sources of systemic risk.

ESG / Sustainability

ICVCM Unveils “High-integrity” Carbon Credits

By ESG Investor | 11/06/2024

ICVCM approved seven carbon-crediting methodologies that meet its high-integrity core carbon principles.

Sanctions

OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments

By Editors | 10/06/2024

The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.

AML / KYC

GCFFC APAC Chapter Publishes First Financial Scams Report

By Manesh Samtani | 10/06/2024

The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.

Sanctions

Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

By Editors | 10/06/2024

Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

Sanctions

G7 Expected to Issue Warning to Chinese Banks This Week

By Editors | 09/06/2024

G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.

Enforcement

DOJ Secures Guilty Plea in Russia Export Control Case

By Editors | 08/06/2024

A US-Russian national sent firearm parts, components, and ammunition from the US to Russia, including via Kazakhstan.