International

PEPs & Sanctions

UK, US Issue Sanctions for Illicit Gold Trading, Human Rights Abuses

By Editors | 10/12/2024

The dozens of sanctions targets include a British-Kenyan businessman who ran a global gold smuggling and money laundering network in Zimbabwe.

Custody & Infrastructure

Etrading Software Designated as ISIN Issuer for Crypto Instruments

By Editors | 10/12/2024

Etrading Software is now the Designated Numbering Agency responsible for issuing ISINs for crypto instruments globally

Anti-Money Laundering

Egmont Group Offers Guidance to FIUs on Conducting NRAs

By Manesh Samtani | 10/12/2024

New Egmont Group report discusses best practices for identifying ML/TF risks, common challenges experienced in NRAs, and strategies for ensuring success.

KYC & CDD

FATF Should Recognise ‘Alternative Measures’ to Promote Inclusion

By Manesh Samtani | 09/12/2024

The Wolfsberg Group says the FATF standards should explicitly recognise and encourage “alternative measures” such as limited-purpose account types and tailored monitoring.

Payments & Settlements

Sifma Releases Findings from Regulated Settlement Network PoC

By Editors | 09/12/2024

The findings demonstrated the potential of shared ledger technology to settle tokenised money and securities and address current inefficiencies and operational risks.

Reporting & Disclosures

PCAF to Refine Methodologies for Reporting Financed Emissions

By ESG Investor | 08/12/2024

PCAF is consulting until 28 February 2025 on new methodologies for the global GHG accounting and reporting standard.

Resolution & Recovery

FSB Outlines 2024 Progress on Resolution-related Work

By Manesh Samtani | 07/12/2024

In 2024, a new global standard for CCP resolution was finalised. The FSB has published its first list of insurers subject to resolution planning standards.

Anti-Bribery & Corruption

DOJ Settles With McKinsey Over South Africa Bribery Scheme

By Nithya Subramanian | 06/12/2024

McKinsey will pay $122mn to resolve an investigation into bribes paid to South African officials to secure lucrative consulting contracts.

Reporting & Disclosures

NZAOA Backs Mandatory Disclosure of Scope 3 Emissions

By ESG Investor | 06/12/2024

The UN-convened Net Zero Asset Owner Alliance said regulators should mandate corporate Scope 3 reporting and provide more guidance.