Trade & Export

India: INTERPOL Issues Silver Notice for Fugitive Economic Offender

India's Enforcement Directorate requested INTERPOL to issue a Silver Notice for Karan A. Chanana, chairman of Amira Pure Foods, in connection with an alleged Rs 1,200 crore bank loan fraud. The notice aims to trace and freeze assets acquired through criminal proceeds.

EBA Final Guidelines on Third-Country Branch Capital Endowment

The European Banking Authority (EBA) has published final guidelines on instruments that third-country branches can use to meet their capital endowment requirements under CRD IV. These guidelines clarify which debt securities and other instruments are acceptable and set operational conditions for their use.

ESMA Final Draft RTS on Margin Transparency and Clearing Costs

The European Securities and Markets Authority (ESMA) has published final draft Regulatory Technical Standards (RTS) on margin transparency requirements and clearing costs under EMIR 3. These drafts aim to improve transparency for clearing participants regarding margin calls and clearing fees.

Canadian Sanctions Laws Overview

Blake, Cassels & Graydon LLP has published an overview of Canada's complex sanctions laws, effective March 2026. The guidance details how these laws impact Canadian businesses and foreign states, outlining prohibitions, reporting obligations, and asset blocking requirements for entities operating in or with Canada.

Treasury Roadmap for Countering Illicit Finance in Digital Assets

The U.S. Department of the Treasury has released a report to Congress outlining innovative technologies to counter illicit finance involving digital assets, as required by the GENIUS Act. The report assesses risks and proposes a technology and policy roadmap, while recommending Congress enact legislation to clarify rules for digital asset service providers and traditional financial institutions.

OFAC Sanctions Risks and Cartel Designations

OFAC has settled a $1.7 million case with IMG Academy for sanctions violations related to cartel-linked entities. This highlights increased compliance risks for entities with international touchpoints due to heightened cartel designations and sanctions enforcement.

Press Briefing for Foreign Affairs Council

The Council of the EU announced a press briefing for the Foreign Affairs Council meeting on March 16, 2026. The briefing will be held on March 13, 2026, and is 'off the record'. Journalists must register by March 13, 2026, at 14:00.

EU Council Agrees Negotiating Position on Fisheries and Aquaculture Statistics Framework

The Council of the EU has agreed on a negotiating position for a new regulation on fisheries and aquaculture statistics. This framework aims to modernise data collection, replace five existing regulations, and improve the use of digital technologies. Negotiations with the European Parliament are expected to begin later in 2026.

Eurogroup President Visits Netherlands for Economic Talks

Eurogroup President Kyriakos Pierrakakis visited the Netherlands on March 11, 2026, to discuss macroeconomic conditions and Eurogroup priorities with national authorities, including digital finance and the Savings and Investments Union. Meetings were held with the Dutch Minister of Finance and the President of the Dutch Central Bank.

Eurogroup President Reports on Euro Area Economy to Euro Summit

The President of the Eurogroup has submitted a report to the President of the Euro Summit detailing the state of the euro area economy and upcoming work priorities. The report covers topics such as international cooperation, the strengthening of the euro's international role, and the acceleration of the savings and investments union.