International

Fintech / Regtech

IMF Says CBDCs Can Replace Cash; Unveils Handbook

By Nithya Subramanian | 15/11/2023

IMF’s Kristalina Georgieva said that public sector should prepare to deploy CBDCs and prepare platforms that facilitate cross-border payments.

Press Release

Regulation Asia Awards for Excellence 2023 – Results Announcement

By Editors | 15/11/2023

Regulation Asia held its sixth annual Awards ceremony on 14 November 2023. Here we explain our methodology and announce the winners for the year.

AML / KYC

OFAC Issues Guidance on Humanitarian Aid to Palestinians

By Editors | 15/11/2023

OFAC says guidance is intended to help NGOs navigate US sanctions while providing aid to Palestinian people.

Enforcement

OFAC Probes Shipping Companies as Russia Circumvents Oil Sanctions

By Editors | 15/11/2023

US Treasury sent letters to companies seeking information about 100 vessels, according to a Reuters report.

Sanctions

US and UK Announce Sanctions on Hamas Leaders and Financiers

By Editors | 15/11/2023

Latest coordinated US and UK sanctions target Hamas leadership and financial channels in the Middle East.

ESG / Sustainability

UNDP, MAS, GLEIF Launch Global Initiative to Boost MSME Finance

By Editors | 14/11/2023

The initiative proposes to create trusted credentials that characterise an MSME’s financing worthiness based on traditional and alternative data sets.

AML / KYC

Basel AML Index: AML/CFT Systems Have Become Less Effective

By Editors | 14/11/2023

The 2023 Basel AML Index highlights a drop in the effectiveness of AML/CFT systems and inadequate compliance globally with the FATF standards for virtual assets.

Enforcement

EU Parliament Calls for Stronger Russia Sanctions Enforcement

By Editors | 13/11/2023

Resolution urges EU to strengthen enforcement of existing sanctions while adopting new sanctions on Russian petroleum and diamonds, including refined products from India and other markets.

Sanctions

Canada Sanctions News Outlets Linked to Russian Disinformation

By Editors | 12/11/2023

The nine individuals and six entities are accused of spreading information justifying Russian aggression against Ukraine, Canada’s foreign ministry said.