Sanctions
Myanmar to release new top-denomination banknote
Note will commemorate white elephant, as opposition accuses government of monetary financing
The financial sanctions maze
Anyone affected by Russia-related sanctions knows patience and caution are strongly advised, writes Richard Heckinger
Russia’s Mir cards now working in Venezuela
Russian payment cards advance in Latin America, but get sanctioned by Canada
Russian legislators approve Islamic banking pilot
Two-year programme may attract foreign capital or appease restive minorities
Russian central bank raises rates and warns of more to come
Nabiullina says inflationary pressures are rising and warns of effects of bigger fiscal deficit
Fed fines Deutsche Bank $186.4 million for AML violations
German lender failed to comply with earlier orders and was involved in Danske Bank scandal
Senad Softić on governance, currency boards and EU convergence challenges
Central Bank of Bosnia and Herzegovina governor speaks about improving governance in a political vacuum, managing a currency board amid rip-sawing euro rates, resolving Gazprom’s local units, modernising payments and meeting EU convergence criteria
FATF finds global crypto AML failures
Most jurisdictions “struggle with fundamental requirements”
Two major lenders tighten limits on Russian transactions
Raiffeisen stops euro payments to Russia, and Bank of China stops yuan payments from Russia
Sarb sounds alarm on sanctions risk
Central bank says country could face financial isolation if US thinks it arms Russia
Trends in reserve management 2023: survey results
Insights on inflation, asset diversification, geopolitical risk, risk management frameworks and ESG adoption
Russian governor Nabiullina warns of future hikes
Bank will raise rates if structural deficit rises, while labour market is “complicated”, governor says
Venezuela may join Russian card network
Mir system suffered major setbacks last year after US warning
EU concludes authorities cannot seize Russian assets
Brussels says Europe may be able to invest assets and use extra profits to aid Ukraine
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
Cuba will again allow dollar cash deposits
Decision reverses ban in place since June 2021
UAE revokes licence for Russia’s MTS Bank
Gulf state was put on the FATF grey list last year
US regulators fine Wells Fargo for aiding sanctions-busting
Fed and Treasury say bank failed to halt client channelling funds to Iran, Syria and Sudan
Russian payment system to start operation in Cuba soon
Ambassador says Mir will help Cuba counter effects of embargo
FATF suspends Russia and grey-lists Africa’s largest economies
South African president pledges rapid reform as Yellen hails action against Russia
US and UK sanction Russian bank licensed in UAE
Central bank “studying options” as Ukraine allies target sanctions evasion
Iran imposes FX controls as currency falls again
Commodities inflation bites ahead of upcoming new year
Russia to launch CBDC pilot in April
Central bank exploring cross-border functionality to evade sanctions
EU countries must report Bank of Russia assets, Commission says
Move opens way for seizing Russian assets, but Swiss government says confiscation would be illegal