Sanctions

EU Imposes Seventh Round of Sanctions on Myanmar

25/07/2023

The EU imposed sanctions on six individuals and one entity for “continuing escalation of violence” and human rights violations.

Fintech / Regtech

White House Secures Commitments on Responsible AI Development

24/07/2023

White House secured commitments from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI.

Capital / Liquidity

EBA Initiates Consultation on Climate Risk Data Collection

24/07/2023

EBA initiates climate data consultation with EU banks for Fit-for-55 climate risk analysis in collaboration with ESAs, ECB, and ESRB.

AML / KYC

Worldcoin Crypto Project Officially Launches

24/07/2023

The project uses a small device called an “orb” to scan people’s eyeballs in order to generate a unique digital identity.

Fintech / Regtech

India, Sri Lanka Sign UPI Acceptance Agreement

24/07/2023

India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

China to Loosen Rules on Foreign Investment in Asset Management Firms

24/07/2023

The draft rules will relax regulations on foreign investment in asset management businesses as part of a drive to attract more overseas investors.

Securities / Derivatives

HKEX Amends Listing Rules to Match CSRC’s Overseas Listing Requirements

24/07/2023

Mainland issuers seeking a listing in Hong Kong will have to submit to HKEX a CSRC notification that confirms their completion of the Mainland filing procedures.

Market Infrastructure

Banks Targeted by Open-Source Software Supply Chain Attacks

24/07/2023

Checkmarx detected the first known open-source supply chain attacks targeting the banking sector.

AML / KYC

Australia’s New Anti-Scam Centre Holds First Advisory Board Meeting

24/07/2023

The Advisory Board agreed to develop a naming convention for scams that will underpin the data sharing and analytics needed to disrupt scams.