ESG / Sustainability

Latest G20 TechSprint to Focus on Supporting Sustainable Finance

01/05/2024

This year’s G20 TechSprint will focus on problem statements relating to sustainable finance, including nature-based solutions and ESG data improvements.

Enforcement

US DOJ Secures Guilty Plea in Export Control Evasion Case

30/04/2024

The defendant allegedly tried to procure dual-use electronic components for entities in Russia involved in the development and manufacture of drones.

Sanctions

Chinese Firms Turning to Illegal Channels for Russia Business

30/04/2024

With China’s big banks no longer processing Russia-related payments, exporters are increasingly turning to underground channels including cryptocurrency.

Market Infrastructure

CPMI Publishes SLA Guidance for Cross-border Payments

30/04/2024

New CPMI report offers high-level recommendations on the design of service level agreements used in cross-border payment arrangements.

Sanctions

China Cautions Japan Against Expanding Export Controls

30/04/2024

MOFCOM said Japan’s proposal to expand its controls on certain semiconductor products will damage the stability of global supply chains.

Enforcement

Korea FSS to Launch Inspections at NongHyup Bank

30/04/2024

The bank experienced two misconduct incidents involving embezzlement, potentially due to weak internal controls.

ESG / Sustainability

China NFRA Issues New Guidance on Green Insurance

30/04/2024

The guidance sets out expectations for insurers to develop green insurance products and services and boost green investments.

Crypto / Digital Assets

Taiwan Prosecutors Charge 32 Suspects Over Crypto Fraud

29/04/2024

The suspects encouraged investors to purchase various tokens and manipulated their prices, causing TWD 800 million in losses.

AML / KYC

Message Encryption In Focus for Indian, European Authorities

29/04/2024

WhatsApp will leave India if it is required to break encryption. Europol expresses concern with message encryption on Messenger.