International

    image

    ESG / Sustainability

    BIS Project to Address Scarcity of Scope 3 Data

    By Manesh Samtani | 15/03/2024

    Project Symbiosis aims to address the lack of comprehensive emissions data from SMEs that are part of larger supply chains.

    image

    AML / KYC

    GCFFC Offers Guidance on Using AI to Fight Financial Crime

    By Manesh Samtani | 15/03/2024

    The guidance describes how FIs are using AI to fight financial crime and identifies opportunities to improve AML/CFT effectiveness.

    image

    ESG / Sustainability

    Net-Zero Banking Alliance Issues Revised Guidelines

    By Ranamita Chakraborty | 15/03/2024

    The revised guidelines require NZBA members to set climate targets for their capital markets activities for the first time.

    image

    Enforcement

    OFAC Penalises Swiss Bank for Apparent Sanctions Violations

    By Editors | 15/03/2024

    OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.

    image

    Sanctions

    US Extends Iran Sanctions Waiver Used by Iraq

    By Editors | 14/03/2024

    The waiver allows Iraq to pay Iran for electricity and natural gas imports into escrow accounts, where the funds can only be used for humanitarian supplies.

    image

    Sanctions

    EU Considers Sanctions Package Targeting Russia Facilitators

    By Editors | 14/03/2024

    The EU sanctions could target Belarus, North Korea, Iran and other third countries where entities enable Russian access to weapons and sensitive technology.

    image

    Enforcement

    Global Leaders Announce International Pact to Combat Fraud

    By Mark Johnston | 14/03/2024

    The new international agreement includes the G7 and Five Eyes nations, along with Singapore and South Korea.

    image

    AML / KYC

    US Court Convicts Alleged Founder of Crypto Mixer ‘Bitcoin Fog’

    By Editors | 14/03/2024

    Russian-Swiss national Roman Sterlingov was found guilty on four charges, though he maintained his innocence during the jury trial.

    image

    Big Picture

    Regulation Seen as Key Challenge to Derivatives Industry in 2024

    By Manesh Samtani | 13/03/2024

    New FIA and Coalition Greenwich research identifies capital requirements as the single greatest issue facing derivatives market participants.

    image

    Sanctions

    Russia Importing UK Luxury Cars via Azerbaijan – Reports

    By Editors | 13/03/2024

    Azerbaijan received £273mn in vehicle imports from the UK in 2023, a 1,860% increase from the five-year period preceding 2022.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team