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FATF will strengthen its international recommendations

Location:

INTERNATIONAL

The FATF sets international standards in anti-money laundering and countering the financing of terrorism (AML/CFT). Problematic jurisdictions can be placed on either a 'grey' or a…

New rules may help consolidate Nigeria's banks

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NIGERIA

The new regulations respond in part to the naira’s recent devaluation and depreciation, which have substantially shrunk domestic banking capital in dollar terms. It is the first…

Divergent rules raise sanctions compliance risks

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INTERNATIONAL

Although alignment in Western states' sanctions has increased over time, important differences remain. A major challenge concerns hidden ownership of companies left off sanctions…

Riyadh’s judicial reforms will help drive investments

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SAUDI ARABIA

Measures include a new civil code, the Civil Transactions Law, which came into effect in December 2023 and aims to provide comprehensive coverage of all aspects of contracts…

Sportswashing by Gulf states will evolve further

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GULF STATES

Sportswashing, once the domain of pariah states hosting large sports events, has evolved to include sovereign investment in European and US sports. As these investments become…

Migrant lack will worsen Eastern Europe’s skills set

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EASTERN EUROPE

The plan includes investment in the skills needed for the transition from heavy industry to a greener, smarter and more electric future. Those skills are in short supply thanks to…

China's unsettled data rules create regulatory risk

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CHINA

It will focus on the role of data in economic and social development. Meanwhile, the incomplete and sometimes incoherent implementation of new regulations governing data…

TikTok bill will widen US-China rifts

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US

This act would ban TikTok in the United States unless its Chinese owner, ByteDance, sells the video-sharing app within 180 days of the legislation becoming law. TikTok is a…

Seized Western assets will go to Kremlin allies

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RUSSIA

This follows the transfer of the assets of energy companies Uniper and Fortum three months earlier. Temporary management is likely to end in eventual nationalisation, and a…

Romania will not meet OECD goals by date set

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ROMANIA

The government regards joining the OECD as a national objective. Having opened accession negotiations in January 2022 and received its roadmap that June, the publication last…