Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.
One option is for foreign shareholders to transfer their shares to be managed by Russian partners until they return to the market at a later date.
Russia's actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.
Credit Suisse reportedly asked investors to destroy documents relating to a loan securitisation backed by “jets, yachts, real estate and/or financial assets”.
A vote on the EU's regulatory framework for crypto-assets was delayed due to outcry over wording that would ban proof-of-work consensus protocols in 2025.
ESMA has identified four elements of climate risk that may adversely impact CCPs - physical risk, rapid transition risk, business risk, and collateral replacement risk.
Seven Russian banks will likely be cut off from SWIFT; Japan will freeze Russia's yen reserves; Korea will suspend transactions with seven Russian banks and their subsidiaries.
A group of EU member states led by Germany is seeking to make the inclusion of cryptocurrency firms under the AMLA's remit more explicit.
The Economic Crime (Transparency and Enforcement) Bill first promised in 2016 has been introduced in Parliament and will be fast-tracked through the legislature.
The UKSDEA promotes free flows of data between the UK and Singapore including in financial services. Both countries will work towards recognising each other's digital identity systems.
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