International

Sanctions

HSBC Stops Processing All Payments Involving Russia, Belarus

By Editors | 26/11/2024

Payments involving Russia or Belarus may be held for further review and rejected. Customers are advised to “make alternative arrangements” for such transactions.

Securities / Derivatives

IOSCO Publishes Results from Review of Derivatives Market Regulation

By Manesh Samtani | 26/11/2024

The review highlighted challenges jurisdictions have faced in implementing key principles for regulating and supervising derivatives markets.

Big Picture

US Federal Reserve Governor Cautions Against Hasty AI Regulation

By Mark Johnston | 26/11/2024

Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.

AML / KYC

Eurojust Establishes Judicial Focus Group to Combat Money Laundering

By Mark Johnston | 26/11/2024

Eurojust has launched a Judicial Focus Group to strengthen efforts against money laundering and improve asset recovery across the European Union.

Sanctions

UK Sanctions “Infamous Kleptocrats” to Start Anti-Corruption Campaign

By Editors | 25/11/2024

The FCDO said the sanctions mark “the start of a new campaign” to clamp down on corruption and illicit finance both at home and overseas.

Sanctions

OFAC Targets Russian Finance With Sweeping New Sanctions

By Editors | 24/11/2024

The sanctions target Gazprombank, over 50 other Russian banks, more than 40 Russian securities registrars, and 15 Russian finance officials.

Sanctions

Dutch Law Firm Found Facilitating Iranian Oil Sales – Report

By Editors | 23/11/2024

The Dutch law firm reportedly used a Surinamese subsidiary to set up companies to manage oil tankers that are part of Iran’s “ghost fleet”.

Sanctions

Myanmar Groups Call for Sanctions on Myanma Economic Bank

By Editors | 23/11/2024

Civil society groups say state-owned Myanma Economic Bank is being used to circumvent sanctions and enable the military junta to access foreign currency.

Securities / Derivatives

IOSCO Proposes Measures to Tackle Pre-Hedging Risks

By Manesh Samtani | 23/11/2024

IOSCO proposes recommendations to guide regulators in determining acceptable pre-hedging practices and managing the associated conduct risks effectively.