Market Infrastructure

CPMI Seeks Experts on Cross-border Payment APIs

31/05/2023

API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.

AML / KYC

Australia: Crown Agrees to A$450m Penalty for AML Failures

31/05/2023

Crown admitted to AML/CTF breaches at its Melbourne and Perth casinos and agreed to pay A$450mn, subject to court approval.

ESG / Sustainability

ORX Launches New Greenwashing Scenario Toolkit

30/05/2023

The toolkit is designed to support banks and insurers in creating a greenwashing scenario and help them tackle ESG-related operational risk.

AML / KYC

SkyCity Adelaide Ordered to Review AML/CTF Programme

30/05/2023

SkyCity Adelaide ordered to report on how it is meeting its AML/CTF obligations, and appoint an independent monitor.

Capital / Liquidity

IASB Seeks Feedback on IFRS 9 Impairment Requirements

30/05/2023

The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.

Crypto / Digital Assets

HKMA to Ramp Up Cross-border Collaboration with UAE

30/05/2023

The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.

Capital / Liquidity

US OCC Sets Out Policy for Addressing “Persistent Weaknesses” at Banks

30/05/2023

The OCC may require banks to increase capital, restrict dividends, sell assets, divest subsidiaries or exit markets if they fail to fix “persistent weaknesses”.

ESG / Sustainability

HKMC Securitises First Batch of Infrastructure Loans

30/05/2023

HKMC’s pilot securitisation includes a $100mn sustainability tranche backed by sustainable, green and social assets.

Sanctions

OFAC Sanctions the Head of the Wagner Group in Mali

30/05/2023

OFAC says the Wagner Group has been attempting to purchase military systems from foreign suppliers and routing these weapons through Mali for use in Ukraine.