Capital / Liquidity

BaFin Imposes Capital Charge on StanChart’s German Unit

23/12/2022

The regulator said the bank’s internal organisation did not meet legal requirements, without disclosing further details.

Fintech / Regtech

BNM Finalises New Rules for Payment System Operators

22/12/2022

The policy document primarily sets out regulatory requirements covering governance and risk management, in alignment with the PFMI.

AML / KYC

Co-Founder of OneCoin Pleads Guilty to Fraud

22/12/2022

Karl Sebastian Greenwood faces a maximum of 60 years in person. Co-conspirator Ruja Ignatova is on the FBI’s most wanted list.

AML / KYC

Head of German FIU Resigns Over Secret SAR Backlog – Report

22/12/2022

The German FIU was sitting on more than 100,000 unprocessed SARs which it did not disclose to the FATF during its mutual evaluation.

Sanctions

UK Ban on Providing Trust Services to Russia Takes Effect

22/12/2022

Professional services ban expanded from accounting, consulting and PR services to include trust, advertising, auditing, engineering and IT consultancy and design services.

Crypto / Digital Assets

ESMA Issues Guidelines for Operators of DLT Market Infrastructure

22/12/2022

The guidelines include templates firms can use to apply for permission to operate DLT market infrastructure under the EU’s DLT Pilot Regulation.

Citigroup Litigation in Revlon Dispute Comes to an End

22/12/2022

Citigroup reached an agreement with ten remaining Revlon lenders for them to repay the bank USD 504 million for mistakenly sent wire transfers.

AML / KYC

Bangladesh Banks Under Scrutiny for Alleged Loan Scams

22/12/2022

Bangladesh Bank directed five banks to submit daily reports on loan disbursements. Two of the banks have observers appointed to monitor operations.

Securities / Derivatives

Vietnam Proposes Measures to Boost Corporate Bond Market

22/12/2022

The Ministry of Finance has proposed to defer a professional-investor-only requirement, and delay a requirement for large issuers to have a credit rating.