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    Crypto / Digital Assets

    Cyber Security is a Key Risk for CBDCs: BIS Paper

    By Manesh Samtani | 01/12/2023

    The report points to potential gaps in central banks’ internal capabilities and skills as a “key risk”.

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    APG Report Calls for Stronger AML/CFT Response to Illegal Fishing

    By Manesh Samtani | 30/11/2023

    Governments have “low levels of understanding” on the ML/TF risks posed by illegal fishing, leading to poor AML/CFT responses.

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    Crypto / Digital Assets

    BIS Publishes Findings from CBDC Project to Address Privacy, Security

    By Manesh Samtani | 30/11/2023

    The report says Project Tourbillon shows that it is feasible to implement payer anonymity and “quantum-safe blind signatures”.

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    Banks Struggling to Implement Operational Resilience Standards: BCBS

    By Manesh Samtani | 29/11/2023

    The BCBS says full adoption of the Principles for Operational Resilience and revised Principles for the Sound Management of Operational Risk may take until at least 2025.

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    OECD Issues Policy Paper on Open Finance Data Sharing

    By Mark Johnston | 28/11/2023

    The new paper analyses the potential impacts of data sharing frameworks in the financial sector and provides recommendations for their implementation.

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    Crypto / Digital Assets

    Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

    By Mark Johnston | 23/11/2023

    Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.

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    AML / KYC

    FATF, OECD Spotlight Vulnerabilities of Investment Migration Programmes

    By Manesh Samtani | 23/11/2023

    The report proposes mitigation measures to address the risks and vulnerabilities associated with investment migration programmes.

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    ISDA, FIA, IIF Respond to FSB Consultation on CCP Resolution

    By Mark Johnston | 21/11/2023

    The industry groups welcomed the FSB’s focus on CCP resolution, but have raised some concerns and suggestions for improvement.

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    Crypto / Digital Assets

    Industry Takes Tough Stance Against Unfair Trading Practices in Crypto

    By Ranamita Chakraborty | 20/11/2023

    Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.

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    Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper

    By Manesh Samtani | 18/11/2023

    Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.

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