United States

PEPs & Sanctions

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

By Editors | 05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

PEPs & Sanctions

OFAC Sanctions 13 Vessels Over Iran Commodity Shipments

By Editors | 05/04/2024

The vessels, operated by UAE-based Oceanlink Maritime DMCC, are “deeply involved in the shipment of Iranian commodities”.

Stablecoins

Ripple Announces Plans to Issue USD-backed Stablecoin

By Editors | 05/04/2024

Ripple said its reserve assets will be audited by a third-party accounting firm and that it will publish monthly attestations.

Conduct, Culture & Accountability

US SEC Fines Another Investment Adviser Over Text Messaging

By Editors | 04/04/2024

Senvest Management was fined $6.5mn for failing to preserve business communications that took place on personal devices and messaging apps.

Climate Risk

BCBS to Backtrack on Climate-related Standards – Report

By Editors | 04/04/2024

The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.

Tokenisation

Thai SEC Tightens Requirements for Sustainability-related Digital Tokens

By Editors | 04/04/2024

Issues of sustainability-related digital tokens will have to make additional disclosures and engage external reviewers to assess whether sustainability standards are met.

PEPs & Sanctions

OFAC Removes Former VTB Bank Subsidiary from Sanctions List

By Editors | 04/04/2024

German authorities took control of VTB’s European subsidiary in 2022. The Russian parent was unable to exercise its rights due to sanctions.

PEPs & Sanctions

More of Central Asia Stops Accepting Russian Mir Cards

By Editors | 04/04/2024

Kyrgyzstan’s national payments operator, and banks in Kazakhstan and Tajikistan, have stopped accepting Mir cards due to sanctions concerns.

Tokenisation

New BIS Project Seeks Overhaul of Global Payment System

By Manesh Samtani | 04/04/2024

Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.