Premium Content

Panel 6: New Payment Methods and Digitally Enabled Money Laundering

26/07/2022

This panel discusses the ways emerging payment mechanisms can be used for illicit purposes, and how regulators, law enforcement and financial institutions are responding.

Premium Content

Panel 7: Financial Crime and Due Diligence in the Era of Sustainability

26/07/2022

This panel explores approaches to detecting environmental crime through increased emphasis on financial flows and cross-sectoral collaboration.

Premium Content

Panel 8: Know Your Third Party: Mitigating Corruption and Bribery Risk

26/07/2022

This panel discusses the policies, third party due diligence procedures, and incentive structures banks should have in place to detect and prevent bribery and corruption risks.

Crypto / Digital Assets

WEF Consortium Assesses Macro Impact of Crypto, Stablecoins

26/07/2022

Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.

Premium Content

Panel 3: Rising Expectations: KYC, Ongoing Monitoring, Name Screening

26/07/2022

This panel will discuss the measures financial institutions are taking to better manage customer risk through KYC, monitoring and screening processes.

AML / KYC

UK Requires Crypto Firms to Report Sanctions Breaches

26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Enforcement

Korea: Terra Investigators Seize Records from Crypto Firms

26/07/2022

Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.

Capital / Liquidity

HKMA Finalises Guidance on Resolution Planning Expectations

26/07/2022

Resolution planning work will be prioritised for D-SIBs and other locally incorporated banks with total consolidated assets of more than HKD 150 billion.

China Expands FX Management Autonomy for Multinational Firms

26/07/2022

The PBOC and SAFE have expanded a pilot programme that allows multinational companies to pool domestic and foreign currency funds.