Capital / Liquidity

ECB Consults on Risk Data Aggregation and Reporting Guide

26/07/2023

ECB seeks feedback on effective risk data aggregation and reporting practices to strengthen banks’ risk management capabilities.

Enforcement

ASIC Lodges Court Action Against Vanguard for Alleged Greenwashing

26/07/2023

ASIC said Vanguard falsely claimed the index it used excluded issuers with significant business activities involving fossil fuels.

AML / KYC

Germany to Establish New Financial Intelligence Bureau

26/07/2023

The new Federal Bureau of Financial Intelligence will introduce a new investigations procedure and offer specialised AML training courses.

Crypto / Digital Assets

Westpac and CBA Pilot Test Digital Australian Dollar

25/07/2023

Westpac and CBA used a CBDC to execute trades with certificates of deposit. Imperium Markets hosted the trades on its marketplace.

AML / KYC

Court Ruling Requires PayPal to Comply With AML Laws in India

25/07/2023

The court dismissed a monetary penalty previously imposed on PayPal for failure to comply with the reporting obligations under the PMLA.

Crypto / Digital Assets

HashKey Partners with Securities Firm to Offer Crypto Trading

25/07/2023

The partnership with Quam Securities and Longbridge Whale marks a “new chapter” for the adoption of virtual assets by brokers, HaskKey said.

Market Infrastructure

PBOC Proposes New Rules on Data Security Management

25/07/2023

China’s central bank releases draft rules on data security management, applicable to both domestic as well as foreign-funded financial institutions.

Enforcement

South Korea Seizes Assets from Crypto Lender Delio

25/07/2023

Prosecutors and the FSC seized “all company and customer assets, including Delio’s cold wallets and ledgers”.

Capital / Liquidity

Ukraine Government Nationalises Russian-owned Sense Bank

25/07/2023

A bill was signed into law in June that allows Ukraine’s government to nationalise banks owned by sanctioned Russian actors