International

AML / KYC

Illicit Crypto Funds Flow Into Sanctioned Entities and Jurisdictions: Report

By Nithya Subramanian | 01/03/2024

Chainalysis said that entities in heavily sanctioned jurisdictions lack access to traditional financial systems and are attempting to use crypto to evade sanctions.

Capital / Liquidity

BCBS to Consult on G-SIB Window-Dressing Next Month

By Editors | 01/03/2024

The BCBS also said it has approved revisions to the Core Principles for Effective Banking Supervision, which will be published in April.

US to Ban Certain Data Transfers to China, Russia

By Editors | 29/02/2024

Executive Order authorises actions to prevent the personal data of US citizens from being transferred to so-called “countries of concern”.

Crypto / Digital Assets

Rabobank Executes €2b in Commercial Paper Transactions on Blockchain

By Sanday Chongo Kabange | 29/02/2024

Rabobank has completed a series of pilots to execute commercial paper transactions on a blockchain platform called ‘Ubermorgen’.

Sanctions

Huawei Pay Stops Allowing UnionPay-linked Payments in Russia

By Editors | 29/02/2024

UnionPay cards linked to the Huawei Pay service are being refused in Russia due to US sanctions against the operator of the Mir payment system.

ESG / Sustainability

FIs Asked to Declare Support for Ending Plastic Pollution

By ESG Investor | 29/02/2024

FIs are invited to sign a statement demonstrating support for an international legally binding instrument to end plastic pollution.

Capital / Liquidity

More Progress Needed to Address MMF Vulnerabilities: FSB

By Manesh Samtani | 28/02/2024

Since 2021, only China has improved the ability of MMFs to absorb losses, and only India can impose the use of swing pricing.

Big Picture

CROs in Asia-Pacific Concerned About Operational Resilience: Survey

By Nithya Subramanian | 28/02/2024

The latest findings by EY and IIF revealed that bank CROs are most worried about technology risk, a key driver of operational disruptions.

Sanctions

US, UK Issue New Iran Sanctions Over Red Sea Attacks

By Editors | 28/02/2024

The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.