International

Enforcement

OFAC Fines Real Estate Company for Sanctions Evasion Scheme

By Editors | 20/01/2025

OFAC said FIs that deal with gatekeepers should conduct sufficient due diligence to ensure they are not acting as proxies for sanctioned parties

Crypto / Digital Assets

Illicit Activity in Crypto is Decreasing, TRM Labs Finds

By Thisanka Siripala | 20/01/2025

Illicit activity in crypto decreased in 2024 as a proportion of total transactions, but ransomware, fraud, and sanctions related threats continue to persist

ESG / Sustainability

Fed Leaves NGFS, Adding to Wave of US Exits from Global Climate Coalitions

By Manesh Samtani | 19/01/2025

NGFS said it regrets but respects the Fed’s decision. NZAM has separately suspended key activities in apparent response to BlackRock’s exit.

Sanctions

OFAC Unveils Final Set of Sanctions Under Biden Presidency

By Editors | 19/01/2025

The latest sanctions announcements were made over the Sudan conflict, North Korean IT workers, Houthi financing and Chinese cyber attacks.

Sanctions

US Bolsters Export Controls Ahead of Presidential Transition

By Manesh Samtani | 19/01/2025

The export controls target advanced chips, laboratory instruments, and automotive hardware and software from China. 26 firms added to Entity List.

Sanctions

US Announces Final Russia Sanctions of Biden Administration

By Editors | 18/01/2025

The US re-designated almost 100 entities so it has the power to impose secondary sanctions on foreign persons, including foreign FIs, that do business with them

ESG / Sustainability

FSB Publishes Toolkit for Assessing Climate-related Vulnerabilities

By Manesh Samtani | 17/01/2025

The toolkit comprises three categories of metrics to monitor climate-related vulnerabilities from a forward-looking perspective.

Market Infrastructure

OECD Offers Recommendations to Strengthen Digital Public Infrastructure

By Thisanka Siripala | 17/01/2025

OECD report offers recommendations for governments to maximise the value of digital public infrastructure and drive sustainable digital transformation.

Crypto / Digital Assets

US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts

By Thisanka Siripala | 17/01/2025

North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says