International

Enforcement

Crypto Firm Bittrex Global Announces Decision to Cease Operations

By Sanday Chongo Kabange | 22/11/2023

While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.

Crypto / Digital Assets

ICMA Offers Analysis of Risk Disclosures Used to Issue DLT-based Bonds

By Editors | 22/11/2023

The analysis identifies additional risk factors that feature in bond offering documents to address risks specific to the use of DLT.

Big Picture

ISDA, FIA, IIF Respond to FSB Consultation on CCP Resolution

By Mark Johnston | 21/11/2023

The industry groups welcomed the FSB’s focus on CCP resolution, but have raised some concerns and suggestions for improvement.

ESG / Sustainability

GRI, IFRS Tackle Sustainability Reporting Challenges with New Platform

By Ranamita Chakraborty | 21/11/2023

The Sustainability Innovation Lab in Singapore will support businesses in adapting to new reporting requirements, said GRI CEO Eelco van der Enden and ISSB Chair Emmanuel Faber.

Sanctions

US Adds Indian Firm to Entity List, Highlights Export Controls on Russia

By Editors | 20/11/2023

Commerce Department accuses the firm of supplying US-origin circuits to Russian defence companies, while also targeting firms supplying US-origin airline parts to Venezuela.

Crypto / Digital Assets

Industry Takes Tough Stance Against Unfair Trading Practices in Crypto

By Ranamita Chakraborty | 20/11/2023

Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.

Fintech / Regtech

BIS Innovation Hub Unveils First Use Case for Project Mandala

By Editors | 20/11/2023

Project Mandala seeks to address disparate policy and regulatory frameworks across jurisdictions that hinder cross-border payments.

Enforcement

OFSI Updates Sanctions Guidance to Clarify “Control Test”

By Editors | 19/11/2023

The updated guidance clarifies that political leaders are not presumed to control public bodies or private companies for the purposes of UK sanctions, in response to a recent court decision.

AML / KYC

FATF Revises Standards to Improve Asset Recovery Outcomes

By Manesh Samtani | 19/11/2023

FATF has revised its Recommendations and published a new report to promote the use of Asset Recovery Inter-Agency Networks, or ARINs.