Find here all the latest articles, news, and research on Financial Sanctions and other Financial Sanctions-related topics:
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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
Dr. Leo Lipis, Chief Executive of Lipis Advisors, offers a lucid account of the ways in which the EU and US must pay attention to the loopholes the Russian banks can use to bypass some of the economic sanctions, now that it’s more important than ever for them to take effect in discouraging the military campaign.
Russia Ukraine War, financial sanctions, online banking, SWIFT, Visa, MasterCard
The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with
Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions
According to reports from Bloomberg and Reuters, US President, Joe Biden, is set to sign an executive order regarding the government’s strategy on cryptocurrencies.
regulation, digital assets, cryptocurrency, crypto asset, Russia Ukraine War, financial sanctions, blockchain
Following a global wave of support for Ukraine, several tech companies, including Netflix have announced they are exiting the Russian market.
Russia Ukraine War, netfix, Meta, Snapchat, financial sanctions, online shopping, shopping
Business software giant Oracle Corp has announced it has suspended all operations in Russia, amid the country’s invasion of Ukraine.
Russia Ukraine War, financial sanctions, regulation, SWIFT
US-based athletic leisure manufacturer giant Nike has announced it temporarily closes all its stores in Russia, amid the ongoing conflict in Ukraine.
Russia Ukraine War, ecommerce, online platform, online shopping, regulation, financial sanctions, Nike
Sweden-based global furniture provider IKEA has announced it temporarily closes its stores in Russia and pauses all sourcing in Belarus and Russia.
Russia Ukraine War, ecommerce, IKEA, COVID-19, regulation, financial sanctions
Swedbank, AML, fraud detection, banks, customer validation, transactions , financial sanctions, economic crime, Sweden