ESG / Sustainability

Australia Sanctions Targets in Iran, Myanmar for Human Rights Abuses

01/02/2023

The Australian government also announced sanctions against individuals and entities in Myanmar and Iran for violence and human rights abuses against their people.

AML / KYC

FINTRAC Issues Guidance on Detecting Illegal Wildlife Trade

01/02/2023

The guidance provides money laundering indicators based on analysis of approximately 200 STRs related to illegal wildlife trade between 2011 and 2022.

Market Infrastructure

Tokyo Financial Exchange to Launch TONA Derivatives on 20 March

31/01/2023

TFX will launch 3-month TONA futures and related options contracts. The 6-month Euroyen LIBOR futures and O/N Call Rate futures contracts will be delisted.

Crypto / Digital Assets

Bank Indonesia Consults on Wholesale CBDC Development

31/01/2023

The consultation paper covers access, issuance, redemption, funds transfer, technical aspects and implications for the financial system.

AML / KYC

Westpac Fined in Hong Kong Over Delayed Customer Reviews

31/01/2023

Out of 143 customers who were subject to periodic reviews between June 2016 and May 2017, there were delays in 121 customers – of which 58 were of high risk.

Sanctions

Australia’s Autonomous Sanctions Framework to Undergo Review

31/01/2023

The review will consider whether Australia’s Autonomous Sanctions Regulations and its associated instruments remain fit for purpose and how they can be made more efficient.

Crypto / Digital Assets

Bankman-Fried Lawyers Request Access to Crypto Held by FTX

31/01/2023

The DOJ asked for a communications ban against Bankman-Fried as an additional bail condition. Last week, a 116-page list of the FTX’s creditors was filed to the bankruptcy court.

AML / KYC

Korea Justice Ministry to Start Tracking Crypto Transactions

31/01/2023

The “Virtual Currency Tracking System” will be launched as part of a new cloud system that will allow other agencies to leverage prosecutors’ investigative and forensics expertise.

Crypto / Digital Assets

US Fed Refuses Application by Crypto-focused Custodia Bank

31/01/2023

The Fed Board considers that Custodia’s business model and proposed focus on crypto-assets presented “significant safety and soundness risks”.