AML / KYC

International Counter Ransomware Task Force Begins Operation

30/01/2023

Australia is the inaugural chair and coordinator of the ICRTF, which will seek to drive international cooperation to tackle ransomware.

Crypto / Digital Assets

Japan FSA to Permit Foreign Issued Stablecoins by Early June

30/01/2023

Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.

ESG / Sustainability

Climate Consultancy South Pole Accused of Over-issuing Carbon Credits

30/01/2023

South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.

Enforcement

FCA Charges Former Janus Henderson Analyst for Insider Trading

30/01/2023

Redinel Korfuzi used confidential inside information obtained in his role as a Janus Henderson analyst to enable “timely and profitable trading” in 49 companies.

AML / KYC

US, EU Authorities Take Down HIVE Ransomware Gang

30/01/2023

“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.

Sanctions

US Expands Sanctions Against Russia’s Wagner Group

30/01/2023

Russian mercenary organisation Wagner Group was re-designated as a foreign person that constitutes a “significant transnational criminal organisation”.

Securities / Derivatives

DTCC Publishes Testing Framework for US Move to T+1 Settlement

30/01/2023

The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.

Market Infrastructure

India Completes Transition to T+1 Settlement Cycle

30/01/2023

The final phase of India’s T+1 transition roadmap covered the country’s largest listed securities, which transitioned to the new settlement cycle on Friday.

Sanctions

West Imposes More Iran Sanctions in Response to Protest Handling

29/01/2023

Iran responded with sanctions against EU and UK individuals and entities. IAEA director general Rafael Grossi plans to visit Iran in February for “much needed” political dialogue.