International

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.

AI Risk & Governance

US Federal Reserve Governor Cautions Against Hasty AI Regulation

By Mark Johnston | 26/11/2024

Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.

Anti-Money Laundering

Eurojust Establishes Judicial Focus Group to Combat Money Laundering

By Mark Johnston | 26/11/2024

Eurojust has launched a Judicial Focus Group to strengthen efforts against money laundering and improve asset recovery across the European Union.

PEPs & Sanctions

UK Sanctions “Infamous Kleptocrats” to Start Anti-Corruption Campaign

By Editors | 25/11/2024

The FCDO said the sanctions mark “the start of a new campaign” to clamp down on corruption and illicit finance both at home and overseas.

PEPs & Sanctions

OFAC Targets Russian Finance With Sweeping New Sanctions

By Editors | 24/11/2024

The sanctions target Gazprombank, over 50 other Russian banks, more than 40 Russian securities registrars, and 15 Russian finance officials.

PEPs & Sanctions

Dutch Law Firm Found Facilitating Iranian Oil Sales – Report

By Editors | 23/11/2024

The Dutch law firm reportedly used a Surinamese subsidiary to set up companies to manage oil tankers that are part of Iran’s “ghost fleet”.

PEPs & Sanctions

Myanmar Groups Call for Sanctions on Myanma Economic Bank

By Editors | 23/11/2024

Civil society groups say state-owned Myanma Economic Bank is being used to circumvent sanctions and enable the military junta to access foreign currency.

Conduct, Culture & Accountability

IOSCO Proposes Measures to Tackle Pre-Hedging Risks

By Manesh Samtani | 23/11/2024

IOSCO proposes recommendations to guide regulators in determining acceptable pre-hedging practices and managing the associated conduct risks effectively.

Conduct, Culture & Accountability

Compensation Must Be Aligned with Prudent Risk-Taking: FSB

By Manesh Samtani | 22/11/2024

New FSB report identifies legal and regulatory challenges associated with the use of compensation tools to promote prudent risk taking.