News Centre

U.S. Treasury Designates Facilitators Of Russian Sanctions Evasion - Treasury Targets Financial And Operational Support Networks For Attempts To Evade U.S., International Sanctions - Treasury Takes New Step Of Designating A Virtual Currency Mining Company

Date 20/04/2022

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated entities and individuals involved in attempts to evade sanctions imposed by the United States and its international partners on Russia. OFAC designated Russian commercial bank Transkapitalbank and a global network of more than 40 individuals and entities led by U.S.-designated Russian oligarch Konstantin Malofeyev, including organizations whose primary mission is to facilitate sanctions evasion for Russian entities. OFAC also designated companies operating in Russia’s virtual currency mining industry, reportedly the third largest in the world. This is the first time Treasury has designated a virtual currency mining company.

CFTC Commissioners Goldsmith Romero And Pham To Participate In A Fireside Chat At FIA’s Law & Compliance Division Conference

Date 20/04/2022

NGX Regulation CEO Tasks Market Stakeholders On Improved Climate-related Financial Disclosure

Date 20/04/2022

NGX Regulation Limited has urged all market stakeholders to come up to speed with recent trends in climate disclosure by paying closer attention to climate related financial risks and opportunities in their business operations in line with the recommendations of the Financial Standards Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD).

Readout: US Secretary Of The Treasury Janet L. Yellen’s Virtual Meeting With Saudi Arabian Minister Of Finance H.E. Mr. Mohammed Al-Jadaan

Date 20/04/2022

Yesterday, U.S. Secretary of the Treasury Janet L. Yellen met virtually with Saudi Arabian Minister of Finance H.E. Mr. Mohammed Al-Jadaan. Secretary Yellen reiterated the importance of the U.S.-Saudi bilateral relationship, welcoming the continued partnership between the two countries in combatting terrorist financing in the region. The Secretary and Minister Al-Jadaan discussed the global economy, including the impact from Russia’s invasion of Ukraine on the region, as well as energy markets and food security. They also discussed opportunities for increased bilateral engagement and cooperation on economic, global health and climate issues.

Bank Of England: Transforming Data Collection - Reporting Transformation Committee Meeting - February 2022

Date 20/04/2022

The Reporting Transformation Committee will focus on overseeing the design of solutions for parts of the reporting process where the Bank, FCA and reporting firms interact directly. This will cover aspects of modernising reporting instructions and creating a better integrated end-to-end reporting process.

SEC Charges Stericycle With Bribery Schemes In Latin America - Medical Waste Management Service To Pay More Than $84 Million To U.S. And Brazilian Authorities

Date 20/04/2022

The Securities and Exchange Commission today announced charges against Stericycle, Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Argentina, Brazil, and Mexico. The company has agreed to pay more than $84 million to settle parallel civil and criminal charges related to these schemes, including nearly $28.2 million to settle the SEC’s charges.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With South African Minister f Finance Enoch Godongwana

Date 20/04/2022

U.S. Secretary of the Treasury Janet L. Yellen met yesterday with South African Finance Minister Enoch Godongwana to reiterate the strength of our bilateral relationship and underscore our support for a Just Energy Transition that will enable South Africa to sustainably achieve its climate goals and to welcome South Africa’s leadership on responding to COVID-19. The Secretary discussed the impact on South Africa of the commodity shock triggered by Russia’s brutal invasion of Ukraine and underscored the need for close coordination between our governments to protect our financial sectors from illicit Russian financial activities. The Secretary also commended South Africa’s leadership on debt issues through the G20 Common Framework process.

Verena Ross, Chair European Securities And Markets Authority, Speech At ECMI/CEPS Webinar, 20 April 2022

Date 20/04/2022

I am very pleased to take part in this webinar and would like to thank the European Capital Markets Institute (ECMI) and the Centre for European Policy Studies (CEPS) for inviting me to discuss the European Securities and Markets Authority’s (ESMA) contribution to further integrating Europe’s financial markets.

GPW: “Investment As A Springboard For Change”

Date 20/04/2022

• Investment challenges in Poland and support for private equity initiatives were the key topics of the seminar "Investment as a springboard for change”
• The guests included Vice-President of the European Investment Bank Professor Teresa Czerwińska, Deputy Minister for Development and Technology Professor Mariusz Jerzy Golecki, President of the Management Board of the Warsaw Stock Exchange Marek Dietl
• The conference presented the results of the sixth EIB investment survey dedicated to Poland

FSB Chair’s Letter To G20 Outlines Financial Stability Issues Arising From Russia’s Invasion Of Ukraine

Date 20/04/2022

The Financial Stability Board (FSB) today published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 20 April. The letter discusses the current outlook for financial stability and sets out the FSB’s plans over the coming months to assess and address emerging vulnerabilities.