International

Crypto / Digital Assets

Montenegro Court Approves Extradition of Terra Founder

By Mark Johnston | 27/11/2023

The court said both South Korea and the US have met Montenegro’s legal requirements for Do Kwon’s extradition.

ESG / Sustainability

UNEP FI Launches Nature-related Guidance for Banks

By ESG Investor | 24/11/2023

The guidance aims to help banks align with the Global Biodiversity Framework and address nature and biodiversity loss.

ESG / Sustainability

IAIS Consults on Climate Risk Supervisory Guidance

By ESG Investor | 23/11/2023

The consultation covers market conduct supervision and climate scenario analysis in the insurance sector.

Crypto / Digital Assets

Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

By Mark Johnston | 23/11/2023

Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.

Sanctions

FinCEN Hosts US Banks for Discussion on Russian Export Controls Evasion

By Editors | 23/11/2023

Readout from FinCEN forum includes a list of guidance documents to help financial institutions detect and report transactions related to suspected export controls evasion.

BIS Launches New Data Portal for All Statistics

By Editors | 23/11/2023

Users can access the BIS Data Portal at any time to check global or country-specific statistics to inform their analysis.

AML / KYC

FATF, OECD Spotlight Vulnerabilities of Investment Migration Programmes

By Manesh Samtani | 23/11/2023

The report proposes mitigation measures to address the risks and vulnerabilities associated with investment migration programmes.

Crypto / Digital Assets

Canada Starts Consultations on Crypto Asset Disclosure by Banks

By Mark Johnston | 23/11/2023

Canada’s banking regulator is seeking feedback on proposals to align with the BCBS framework for crypto asset disclosures.

ESG / Sustainability

BCBS Addresses Challenges of Managing Climate-related Financial Risk

By Mark Johnston | 23/11/2023

BCBS newsletter discusses challenges relating to data availability and quality, capabilities and expertise, and climate scenario analysis.