International

Clearing & Post-Trade

Transitioning to T+1 Settlement: Lessons for Asian Firms

By Nithya Subramanian | 22/08/2024

Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

Fraud, Scams & Cybercrime

Singapore Jails Former Healthcare Execs for Defrauding Banks

By Ranamita Chakraborty | 22/08/2024

Maybank, Standard Chartered, DBS, UOB, Citibank, and HSBC were defrauded of SGD 69 million through the use of forged documents.

Payments & Settlements

IMF Paper Highlights Untapped Potential of Programmability

By Ranamita Chakraborty | 22/08/2024

The paper proposes a framework for understanding programmability in payment and settlement systems.

Fraud, Scams & Cybercrime

Polish National Arrested in Montenegro for Crypto Fraud

By Mark Johnston | 22/08/2024

Both Poland and South Korea are seeking the extradition of crypto founder Roman Zimian to face fraud and money laundering charges.

PEPs & Sanctions

US Sanctions Former Haitian President for Drug Trafficking

By Editors | 21/08/2024

OFAC said Michel Joseph Martelly facilitated the trafficking of dangerous drugs, laundered illicit drug proceeds, and sponsored criminal gangs.

Climate Risk

IIGCC: Climate Physical Risk Tool Is Game Changer

By ESG Investor | 20/08/2024

A new methodology allows investors to evaluate and report on the physical risk climate change poses to their real assets.

Anti-Money Laundering

Banks Exercise Caution in Transition to AI-Based AML Systems

By Bradley Maclean | 20/08/2024

Participants at a recent Regulation Asia roundtable in Hong Kong expressed caution, but also optimism, about the use of AI for AML purposes.

AI Risk & Governance

MIT Researchers Create World’s First Catalogue of AI Risks

By Ranamita Chakraborty | 20/08/2024

The AI Risk Repository reveals that only 10% of AI risks are detected before deployment, underlining the importance of post-launch monitoring.

Tokenisation

ICMA Publishes New GMRA Annex Dedicated to Digital Assets

By Editors | 19/08/2024

The Annex was prepared by ICMA, ISLA, and Clifford Chance to provide a standardised framework for documenting repo transactions involving digital assets.