The US Treasury Department on Tuesday issued a general license authorizing energy-related transactions with sanctioned Russian banks through December 5. The previous license was due to expire on June 24. According to the document, published on the department’s website, transactions will be allowed with Vnesheconombank, Otkritie, Sovcombank, Sberbank, VTB, Alfa-Bank, …
Read More »IMF evaluates yuan’s share in global currency transactions
Claims in Chinese yuan amounted to $336.1 billion in the fourth quarter of 2021, accounting for 2.79% of the total allocated foreign exchange reserves, the International Monetary Fund’s (IMF) survey showed on Thursday. According to its Currency Composition of Official Foreign Exchange Reserves (COFER) data, the Chinese currency’s share has …
Read More »US Treasury Department authorizes aid transactions with the Taliban
“The Treasury is committed to facilitating the flow of humanitarian assistance to the people of Afghanistan and other activities that support their basic human needs,” Andrea Gacki, director of the department’s Office of Foreign Assets Control, said in a statement on Friday. Though US sanctions on the Taliban remain in …
Read More »Bitcoin cops: Russia to create service to monitor cryptocurrency transactions as authorities seek to fight cybercrime & terrorism
That’s according to Moscow business daily RBK, which also revealed that the tracking service will be created by a subsidiary of SberBank, the country’s largest banking and financial services company. As per the tender documentation, the service will be able to provide data on the value of a cryptocurrency wallet, …
Read More »China ramps up digital currency pilot testing with transactions topping 1.1 billion yuan
According to the bank’s deputy governor, Fan Yifei, the currency has been used for more than 1.1 billion yuan ($162 million) worth of transactions. Pilots will also be conducted at the Beijing Winter Olympics in 2022, he said. The pilot programs have made “positive progress,” with more than 6,700 use cases implemented as of late …
Read More »A close friend of Sergei Shoigu earned ₽6.5 billion in transactions with the Ministry of defense and Ministry of emergency situations
Edition of the Insider published an article about a close friend of defense Minister Sergei Shoigu Elena Chebanova that got thanks to his connections with official billions of rubles on the contracts with the MOE and the Ministry of defense. As stated in the material, at the time Shabanova worked …
Read More »In Ukrainian banks noticed suspicious transactions
The NBU monitors suspicious financial activities of Bank customers. The national Bank of Ukraine (NBU) in January-September of 2017 was sent to law enforcement agencies 28 letters with information about suspicious transactions of clients 36 banks for the total amount of 67.5 billion, or 16 billion and EUR 10 million. …
Read More »The national Bank simplified foreign exchange transactions
The NBU has simplified the customers of banks the procedure for conducting currency transactions. The national Bank of Ukraine (NBU) has simplified the procedure of operations of the Bank clients for foreign currency purchase/transfer of funds outside Ukraine in favor of non-residents and changed the order of controls to prevent …
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