G20IconBrandElement

article-thumbnail

2024-02-29 | Industry Dynamics

G20 Finance Meeting: Western Powers Clash Over Russian Assets 

Today’s News  During the G20 finance meeting in Sao Paulo, Western powers grappled with the dilemma of handling frozen Russian assets, attempting to navigate around deep-seated geopolitical differences. Despite Brazilian officials’ efforts to steer discussions towards economic cooperation, geopolitical tensions resurfaced, particularly regarding the fate of Russian assets blocked by Western nations.   A visible […]

article-thumbnail

2024-01-08 | Industry Dynamics

Experts Warn: G20’s Faster Payments Goals May Weaken Russia Sanctions 

Today’s News  Industry experts caution that the G20’s initiative to speed up international payments may risk enabling financial crime while undermining the effectiveness of sanctions against Russia and other nations.  According to the U.K.-based Future of Financial Intelligence Sharing (FFIS) research program, the drive to streamline digital payment systems by 2027 overlooks the growing susceptibility of […]