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    AML / KYC

    RUSI Identifies Typologies of Abuse of FATF Standards

    By Manesh Samtani | 17/06/2024

    RUSI identifies five major ways the FATF standards can be weaponised by authoritarian regimes to crack down on dissent and activism.

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    Fintech / Regtech

    Benefits of Tokenisation Are “Overexaggerated”: WFE Paper

    By Nithya Subramanian | 13/06/2024

    The WFE says tokenisation work should continue, but that some of the benefits claimed are “overexaggerated”.

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    Capital / Liquidity

    Bank Failures of 2023 Show Lack of Focus on Culture Risk

    By Manesh Samtani | 12/06/2024

    Starling Compendium says culture and conduct risk should be recognised by prudential regulators as sources of systemic risk.

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    AML / KYC

    GCFFC APAC Chapter Publishes First Financial Scams Report

    By Manesh Samtani | 10/06/2024

    The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.

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    Big Picture

    Significant Progress Made on Cross Border Payments: CPMI

    By Manesh Samtani | 07/06/2024

    More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.

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    Big Picture

    Fraud Constitutes 37pc of All Financial Crimes – Report

    By Mark Johnston | 05/06/2024

    Fraud accounted for 37% of financial crime records reviewed by LSEG Risk Intelligence for its inaugural fraud analysis.

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    AML / KYC

    Tokenisation Will Improve Correspondent Banking Model: BIS Paper

    By Manesh Samtani | 01/06/2024

    The next generation of correspondent banking will make “previously closed corridors economically viable once again”.

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    Big Picture

    BIS Explores GenAI Use to Boost Central Bank Cybersecurity

    By Editors | 30/05/2024

    Existing IT staff at central banks may not be fully prepared to handle the fast and disruptive innovations associated with GenAI.

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    Crypto / Digital Assets

    US Treasury Publishes Illicit Finance Risk Assessment on NFTs

    By Editors | 30/05/2024

    NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.

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    Big Picture

    ESMA Issues Recommendations for More Effective Capital Market

    By Mark Johnston | 28/05/2024

    ESMA outlines 20 recommendations aimed at strengthening the capital markets within the EU to better serve citizens and businesses.

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