International

Sanctions

OFAC Sanctions Targets Linked to Houthi Weapons Procurement

By Editors | 18/06/2024

OFAC designated three companies in China; entities in Hong Kong, UAE and Oman; three individuals; and a vessel.

Securities / Derivatives

CSRC Approves First ETF Listings Tracking Saudi Arabia

By Editors | 17/06/2024

Two ETFs managed by Huatai-Pinebridge Fund Management and China Southern Asset Management were approved.

Crypto / Digital Assets

BIS Publishes Results of Latest CBDC, Crypto Survey

By Editors | 17/06/2024

Central banks are now more likely to issue a wholesale CBDC than a retail CBDC within the next six years.

AML / KYC

RUSI Identifies Typologies of Abuse of FATF Standards

By Manesh Samtani | 17/06/2024

RUSI identifies five major ways the FATF standards can be weaponised by authoritarian regimes to crack down on dissent and activism.

Market Infrastructure

BIS Launches New Innovation Hub Centre in Toronto

By Editors | 17/06/2024

The Toronto Innovation Centre will initially focus on next-generation financial market infrastructures, suptech, and open finance.

Market Infrastructure

BIS Innovation Hub to Explore RTGS to DLT Interoperability

By Editors | 17/06/2024

Project Meridian FX will explore interoperability between RTGS systems and new payments technologies like DLT.

Sanctions

G7 Leaders Issue Joint Sanctions Warning Against China

By Editors | 17/06/2024

The G7 vowed to take measures against actors in China that materially support Russia’s “war machine”, including FIs.

Sanctions

EU Sanctions Package Delayed Over Verification Rule

By Editors | 16/06/2024

Germany fears that its exporters could be impacted by requirements to verify that customers are not transshipping goods to Russia.

Sanctions

Indian Banks Calls on Government to Set Up “OFAC Cell”

By Editors | 16/06/2024

Bankers say an “OFAC cell” created within the DFS could help them minimise the risks of sanctions non-compliance.