Find here all the latest articles, news, and research on Financial Sanctions and other Financial Sanctions-related topics:
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Uzbekistan's UZCARD has suspended payments processing through Mir cards issued by Bank of Russia's National Card Payment System due to necessary technical procedures.
payment processing, financial sanctions, online payments, payment processor
The Russian and Indian Governments have gotten closer to an agreement to have cards based on Russia’s Mir payment system be accepted at ATMs and POS in India.
Russia Ukraine War, financial sanctions, UPI, cross-border payments
Credit Bank of Moscow - MKB and Bank DOM.FR have announced that they are preparing to issue UnionPay cards starting with Q1 2023.
credit card, expansion, Issuer, financial sanctions, card scheme
Russia-based Sberbank has started removing chips from un-activated cards to combat shortage after European suppliers halted deliveries based on EU sanctions imposed on the country amid the ongoing Ukraine invasion.
Russia Ukraine War, financial sanctions, credit card, debit card, card scheme
Russian online bank Tinkoff has suspended outgoing SWIFT transfers in foreign currencies until October 2022, after it had struggled with such transactions due to restrictions on Russia's banks.
SWIFT, regulation, financial sanctions, Russia Ukraine War
Cryptocurrency exchange BitMEX has announced plans to increase compliance with the European sanctions against Russia by preparing to enforce major restrictions for its Russian users.
financial sanctions, compliance, cryptocurrency exchange
Indian banks have been suspected of wanting join hands with Russian banks that are not under Western sanctions to facilitate bilateral payments.
partnership, banks, financial sanctions, regulation, payments
UK-based crime detection company ComplyAdvantage has released a new tool, ComplyTry, to verify prospective customers for free.
ComplyAdvantage, AML, fraud prevention, KYC, financial sanctions, product launch
Eli Shoshani, Head of APAC at Bottomline, shares his predictions for the future of alternative payments networks.
Bottomline Technologies, Russia Ukraine War, financial sanctions, banks, online payments
As sanctions against Russia continue to impact the country, MRC explains how cryptocurrency provides an extra layer of obfuscation for those who wish to bypass traditional means of currency transfer.
financial sanctions, Russia Ukraine War, cryptocurrency, banks, financial institutions, SWIFT, KYC, identity verification, cryptocurrency exchange, digital assets
The US Justice Department has launched its first criminal prosecution involving the alleged use of cryptocurrency to evade US economic sanctions, according to the Washington Post.
cryptocurrency, financial sanctions, regulation, Bitcoin
Ieva Tarailienė, Head of Registry Practice at NRD Companies, offers insights into the matter of beneficial ownership registers, their benefits to transparency and accessibility as well as their importance as it relates specifically to AML, CTF, and sanctions.
money laundering, data, AML, financial sanctions, banks, artificial intelligence, Ultimate Beneficial Ownership, UBO
The unprecedented scale and speed of sanctions against Russia has highlighted the need for a new approach to compliance that is enabled by better data and Artificial Intelligence (AI) automation
compliance, financial sanctions, risk management, artificial intelligence, data, KYC, AML
A US federal judge has ordered the three co-founders of BitMEX to pay a total of USD 30 million for operating an illegal cryptocurrency derivatives platform and violating money-laundering rules, according to CoinDesk.
cryptocurrency, AML, regulation, financial sanctions, Bitcoin, Ethereum
Bankoff, a platform offering cryptocurrency virtual cards, has announced customers its cards are no longer supported by payment systems Visa and Stripe, according to news.bitcoin.com.
Visa, Stripe, Russia Ukraine War, financial sanctions, virtual card, cryptocurrency
Sanctions breaches threaten businesses with regulatory and reputational consequences. To keep up with the changing sanctions landscape they need access to real-time data. Charles Delingpole, CEO of ComplyAdvantage, reveals how to avoid this becoming an issue
regtech, financial sanctions, transaction monitoring, financial crime, artificial intelligence, risk management
The Financial Conduct Authority (FCA) has released a new strategy for the next three years, from 2022 to 2025, to mitigate fraud and sanction evasion.
FCA, regulation, crypto asset, AML, CFT, financial sanctions
Israel-based ThetaRay has integrated Screena’s screening system into its SONAR SaaS tansaction monitoring solution.
partnership, AML, transaction monitoring, identity verification, fraud prevention, financial sanctions
Russia's central bank kept its key interest rate at 20% on 18 March following an emergency rate hike in late February and warned of an imminent spike in inflation and a looming economic contraction.
central bank, regulation, financial institutions, financial sanctions, Russia Ukraine War, interest rate
Money transfer company Western Union has announced it also condemns the invasion of Ukraine and suspended its operations in Russia and Belarus.
Western Union, cross-border payments, money transfer, Russia Ukraine War, financial sanctions