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AML / KYC
GCFFC Calls for Action on Beneficial Ownership Data
By Manesh Samtani | 26/08/2021
Beneficial ownership data should be structured and interoperable, collated in a central register, and accessible to all actors fighting financial crime.
Big Picture
BIS Paper Warns of Delayed Corporate Insolvency Wave
By Ranamita Chakraborty | 20/08/2021
Unexpected credit losses could leave banks with inadequate loss-absorbing resources, warns a new working paper from the BIS.
Big Picture
OECD Offers Policy Advice for Regulating AI in Financial Services
By Manesh Samtani | 17/08/2021
Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.
Big Picture
ETF Structure Proved Resilient to Market Stress: IOSCO
By Ranamita Chakraborty | 15/08/2021
An IOSCO study has helped to “alleviate concerns” about possible financial stability risks or fragilities relating to the ETF structure.
AML / KYC
US Real Estate the ‘Preferred’ Money Laundering Destination: GFI
By Ranamita Chakraborty | 13/08/2021
Lawyers, real estate agents, investment advisers, and bank employees have repeatedly facilitated money laundering through US real estate by HNWIs and PEPs.
Big Picture
IPCC Reaction: Political Leadership Needed to Drive Transition
By ESG Investor | 12/08/2021
“Concrete and actionable carbon-reduction strategies” required from governments to drive capital reallocations, say investors, while reinforcing commitment to science-based targets.
AML / KYC
DeFi Accounts for Majority of Crypto Hacks, Frauds in 2021
By Sanday Chongo Kabange | 11/08/2021
In H1 2021, DeFi accounted for 76% of major crypto hack volume and 54% of major crypto fraud volume, according to CipherTrace.
AML / KYC
China’s Opposition to Cryptocurrency is Ideological – Report
By Manesh Samtani | 05/08/2021
A new Chainalysis report explains China’s crackdown on cryptocurrency, the country’s role in crypto-related crime, and the implications of a digital yuan.
Fintech / Regtech
New BIS Paper Calls for Concrete Guidance on AI
By Sanday Chongo Kabange | 04/08/2021
Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.
Big Picture
Australia: Mutual Banks Face “Avalanche” of Regulatory Change
By Manesh Samtani | 28/07/2021
A new benchmarking report from GRC Solutions highlights the challenges incoming regulatory requirements are presenting to the mutual banking sector.
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