International

Sanctions

US Sanctions HK, UAE Companies to Target Houthi Revenues

By Editors | 15/01/2024

OFAC also identified four vessels as blocked property for their involvement in shipping Iranian commodities on behalf of a Houthi financial facilitator.

AML / KYC

Wolfsberg Group Updates Guidance on Swift RMA Due Diligence

By Mark Johnston | 12/01/2024

The Wolfsberg Group has revised its guidance on Swift RMA due diligence, taking into account ISO 20022 migration.

Enforcement

Software Giant SAP to Pay Over $220m to Resolve FCPA Violations

By Editors | 12/01/2024

SAP paid bribes to government officials in South Africa, Indonesia, Malawi, Kenya, Tanzania, Ghana and Azerbaijan.

ESG / Sustainability

New Corporate Governance, Human Rights Guidance from PRI

By ESG Investor | 12/01/2024

The corporate governance guide explains the approaches asset owners can take to promote robust corporate governance practices among investee firms.

AML / KYC

Transparency and Independent Oversight Main Issues of FATF: Experts

By Nithya Subramanian | 11/01/2024

A roundtable organised by RUSI concluded that marginal reforms aimed at improving transparency could be more successful and impactful.

ESG / Sustainability

AI Use and Climate Change Pose Biggest Risks: WEF Report

By Ranamita Chakraborty | 11/01/2024

The report’s findings come as global leaders are due to meet next week in Davos, Switzerland for WEF’s annual summit.

AML / KYC

RUSI, FFIS Urge Greater Cross-Sector Collaboration on FinCrime

By Ranamita Chakraborty | 11/01/2024

The new report highlighted the underutilisation of payments infrastructure in economic crime analysis, citing challenges in policymaking.

Market Infrastructure

IIA Releases New Global Internal Audit Standards

By Editors | 10/01/2024

The Standards will help elevate the quality of internal auditing and enhance the internal audit function’s role as a partner to boards and senior management.

Big Picture

New Margin Models Offer Improved Efficiency: FIA Analysis

By Ranamita Chakraborty | 09/01/2024

While offering capital efficiency benefits, VaR models pose challenges for CCPs due to their increased complexity and reduced transparency.