International

Custody & Infrastructure

UDPN Launches New Digital Currency Management Systems

By Manesh Samtani | 26/06/2024

One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.

PEPs & Sanctions

EU Imposes New Cyber Sanctions Against Six Russian Actors

By Editors | 25/06/2024

The sanctions target two ‘Callisto group’ members, two ‘Armageddon hacker group’ members, and two others involved in deploying ‘Conti’ and ‘Trickbot’ malware.

PEPs & Sanctions

EU Council Formally Adopts 14th Russia Sanctions Package

By Editors | 25/06/2024

The measures target Russia’s LNG sector, sanctions circumvention, the finance sector, Russian disinformation, dual-use goods, and 27 “shadow fleet” vessels.

Fraud, Scams & Cybercrime

BSP Details Efforts to Address Fraud and Scam Threats

By Bradley Maclean | 25/06/2024

BSP officials discuss efforts to address fraud and scam threats through new requirements for banks and a thematic review of fraud management during 2024.

Fraud, Scams & Cybercrime

UAE Extradites Former CEO to Thailand to Face Fraud Charges

By Editors | 25/06/2024

The former CEO of Stark Corporation was extradited to Thailand after being on the run for around eight months.

CBDCs

SNB Extends CBDC Project ‘Helvetia’ for Two More Years

By Editors | 24/06/2024

The SNB said it has become “the world’s first central bank” to carry out a monetary policy operation in a live production environment using DLT.

PEPs & Sanctions

FATF Must Blacklist Russia Over DPRK Partnership, Ukraine Says

By Manesh Samtani | 24/06/2024

RUSI’s Tom Keatinge says the FATF could damage its legitimacy if it doesn’t have a response to the strengthening of ties between Russia and North Korea.

Payments & Settlements

Malaysia, Thailand Commencing Procedures to Join BRICS

By Editors | 24/06/2024

Thailand has submitted a formal letter of intent to join BRICS. Malaysia has decided to join and will start work on the formal procedures “soon”.

AI Risk & Governance

EU Commission Launches Consultation on Use of AI in Finance

By Editors | 23/06/2024

The consultation and a series of workshops target all financial stakeholders, covering use cases, benefits, barriers, risks and stakeholder needs.