AML / KYC

Russia Launches Blockchain-Based Alternative to SWIFT

14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

MAS, IFC, UNDP Launch Global MSME Empowerment Programme

14/06/2022

The programme will seek to help MSMEs build financial literacy and digital skillsets, address financing gaps and improve financial inclusion.

ESG / Sustainability

US SEC Probes Goldman Sachs for Suspected Greenwashing

14/06/2022

The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.

Enforcement

UK FCA Places Credit Suisse on Regulatory Watchlist

14/06/2022

Credit Suisse was added to the FCA’s watchlist due to concerns that it was not doing enough to improve its culture, governance and risk controls.

AML / KYC

FATF Re-rates UK for Progress on Correspondent Banking

14/06/2022

The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.

Crypto / Digital Assets

Australia: New Govt to Push Ahead with BNPL, Crypto Regulation

14/06/2022

The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.

Securities / Derivatives

TAIFEX to Launch Semiconductor, Logistics Futures

14/06/2022

The new contracts are a response to heightened market demand for industry-specific risk management tools, TAIFEX says.

Fintech / Regtech

RBI to Allow Credit Cards to Link to UPI System

14/06/2022

Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.

Crypto / Digital Assets

Bangladesh Bank to Assess Feasibility of Introducing CBDC

14/06/2022

A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.