Sanctions

Fintech / Regtech

Japan Crypto Industry Set to Adopt Travel Rule

By Editors | 13/03/2022

The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.

AML / KYC

BIS Suspends Russian Central Bank as UK Adds More Sanctions

By Manesh Samtani | 11/03/2022

UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.

Sanctions

China Widens Trading Band for Yuan-Ruble Currency Pair

By Editors | 10/03/2022

The existing 5 percent trading band around a daily midpoint set by the PBOC is making it difficult to price the exchange rate amid heightened ruble volatility.

AML / KYC

Russia Warns of “Swift” Response to US Energy Import Ban

By Manesh Samtani | 10/03/2022

EU adds 160 names to sanctions list, extends SWIFT ban to Belarus; New Zealand passes Russia Sanctions Bill. Fitch projects “imminent” sovereign default.

AML / KYC

US Ramps Up Russia Pressure With Energy Import Ban

By Manesh Samtani | 09/03/2022

Russian energy will no longer be accepted at US ports and will be phased out in the UK and EU. New sanctions imposed by APAC jurisdictions.

AML / KYC

Australia Sanctions More Russians Over Disinformation Campaign

By Editors | 08/03/2022

Australia’s sovereign wealth fund, Future Fund, is reportedly trying to divest AUD 200 million of holdings in Russian companies.

AML / KYC

Japan to Freeze More Russian Assets, Block More Exports

By Editors | 08/03/2022

Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.

AML / KYC

US Lawmakers Ask HSBC to Justify HK Account Freezes

By Ranamita Chakraborty | 08/03/2022

A letter from a bipartisan group of US lawmakers asks HSBC to justify its actions to freeze the accounts of activists, independent media, and civic groups in Hong Kong.

Market Infrastructure

Russian Banks Moving to China UnionPay for Card Issuance

By Manesh Samtani | 08/03/2022

Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.