PEPs & Sanctions

HSBC Completes Sale of Russian Unit to Expobank

30/05/2024

The deal received approval in February but it has taken until now for the sale to be successfully concluded.

AI Risk & Governance

EU Commission Establishes Artificial Intelligence Office

30/05/2024

The new Office is preparing guidelines on AI system definitions and prohibitions, and preparing to draw up codes of practice for general-purpose AI models.

Tokenisation

Major FMIs Offer Blueprint for Digital Asset Ecosystem

30/05/2024

DTCC, Clearstream And Euroclear seek to promote the adoption and acceptance of tokenisation and digital asset securities.

Cybersecurity

BIS Explores GenAI Use to Boost Central Bank Cybersecurity

30/05/2024

Existing IT staff at central banks may not be fully prepared to handle the fast and disruptive innovations associated with GenAI.

Fraud, Scams & Cybercrime

Authorities Take Down “World’s Largest” Malicious Botnet

30/05/2024

US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.

Anti-Money Laundering

US Treasury Publishes Illicit Finance Risk Assessment on NFTs

30/05/2024

NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.

Credit Risk

Shanghai Announces Measures to Boost Property Market

29/05/2024

The measures include lower minimum down payment ratios and mortgage rates for first- and second-home buyers.

Trading & Investment

China Establishes New Investment Fund for Chip Sector

29/05/2024

This is the third phase of the fund, which for the first time includes investments from the major state-owned banks.

PEPs & Sanctions

OFAC Sanctions Thai Firms Linked to Cybercrime Network

29/05/2024

Three Chinese individuals and three Thai companies were sanctioned over their links to a malicious botnet called 911 S5.