Sanctions

AML / KYC

Sanctions Over-Compliance Causes Human Rights Violations: UN Expert

By Editors | 18/07/2022

UN Special Rapporteur Alena Douhan says governments and FIs should be doing more to ensure over-compliance with sanctions does not negatively impact human rights.

AML / KYC

UK Issues Guidance on Preventing Sanctions Evasion

By Editors | 14/07/2022

London-based enablers are “almost certain” to be in senior positions within their company or business, says a red alert from the NCA and OFSI.

Crypto / Digital Assets

BOE Calls for Clear Regulatory Framework for Crypto Assets

By Mark Johnston | 14/07/2022

BOE’s Jon Cunliffe said the extension of a regulatory framework to encompass crypto must be grounded in the iron principle of ‘same risk, same regulatory outcome’.

AML / KYC

Why India Does Not Use Sanctions

By Mathew Chemplayil | 12/07/2022

India’s attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.

Market Infrastructure

FSB Urges Adoption of LEI in Cross-border Payments

By Editors | 10/07/2022

Using the LEI in cross-border payments could facilitate straight-through processing, reduce costs, increase transaction speeds, and facilitate KYC compliance.

Crypto / Digital Assets

Crypto Industry Seeks Public Sector Support on Sanctions Issues

By Manesh Samtani | 06/07/2022

More than 15 million crypto addresses have been linked to criminal activity with a nexus in Russia, a new GDF report says.

AML / KYC

UK Sanctions More Russians, Restricts More Belarusian Trade

By Editors | 06/07/2022

Last week, the UK Parliament’s Foreign Affairs Committee published a report calling on the government to “act now” to tackle the flow of illicit finance through London.

Market Infrastructure

US Fed Delays ISO 20022 Implementation Until March 2025

By Editors | 03/07/2022

ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

AML / KYC

G7 Nations Announce Ban on Russian Gold Imports

By Manesh Samtani | 30/06/2022

The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.