International

Anti-Money Laundering

Wolfsberg Group Defines Key Terms Related to Digital Assets

By Manesh Samtani | 27/11/2024

The definitions are intended to serve as a foundational reference for assessing ML/TF risks and developing appropriate controls for digital assets.

PEPs & Sanctions

US Imposes New Controls on Exports to Pakistan

By Editors | 27/11/2024

The new controls are being imposed on six categories of items being sought by entities on the Entity List for “regional stability reasons”.

Capital Adequacy

FSB Publishes 2024 List of Global Systemically Important Banks

By Manesh Samtani | 27/11/2024

Groupe Crédit Agricole has been moved to a higher bucket and Bank of America has been moved to a lower bucket. There are no other changes.

PEPs & Sanctions

Hong Kong Has Become a Money Laundering Hub, US Lawmakers Say

By Editors | 27/11/2024

US lawmakers are calling for a re-evaluation of the treatment of Hong Kong banks, saying the city has become a hub for money laundering and sanctions evasion.

PEPs & Sanctions

UK Targets Russian Shadow Fleet With New Sanctions Package

By Editors | 27/11/2024

The UK sanctioned 30 ships in Russia’s shadow fleet and 2 insurance companies for enabling them to generate oil revenues.

PEPs & Sanctions

Japan Preparing to Ramp Up Sanctions on North Korea, Russia

By Editors | 26/11/2024

Officials are said to be particularly concerned about North Korean troop deployments to Russia and the implications for peace and security in the region.

Clearing & Post-Trade

IOSCO Publishes Final Guidance on Post Trade Risk Reduction Services

By Manesh Samtani | 26/11/2024

The guidance addresses risks relating to control and governance around algorithms, fair treatment of participants, data protection, and other areas.

PEPs & Sanctions

HSBC Stops Processing All Payments Involving Russia, Belarus

By Editors | 26/11/2024

Payments involving Russia or Belarus may be held for further review and rejected. Customers are advised to “make alternative arrangements” for such transactions.

Trading & Investment

IOSCO Publishes Results from Review of Derivatives Market Regulation

By Manesh Samtani | 26/11/2024

The review highlighted challenges jurisdictions have faced in implementing key principles for regulating and supervising derivatives markets.