International

Enforcement

INTERPOL: $300m in Assets Seized in Latest HAECHI Operation

By Mark Johnston | 20/12/2023

The latest HAECHI operation resulted in nearly 3,500 arrests and the blocking of over 82,000 bank accounts linked to cyber-enabled scams.

Big Picture

FSB Reports Decline in Shadow Banking Assets

By Nithya Subramanian | 20/12/2023

The NBFI sector recorded a 2.9 per cent fall in financial assets in the sector, attributed to higher interest rates.

Crypto / Digital Assets

IOSCO Finalises Policy Recommendations for DeFi

By Manesh Samtani | 19/12/2023

The policy recommendations for DeFi are intended to be complementary to and interoperable with IOSCO’s policy recommendations for crypto and digital assets markets.

ESG / Sustainability

Regulators Failing on Social and Nature – WWF

By ESG Investor | 19/12/2023

Financial regulations and central banking activities focus on climate and do not fully account for broader environmental and social risks and impacts.

Sanctions

Japan to Ban Russian Diamonds in Latest Round of Sanctions

By Editors | 18/12/2023

Japan imposes new round of asset freeze and trade restrictions against Russia, including ban on importing non-industrial diamonds.

Securities / Derivatives

IOSCO Issues Recommendations on Accounting for Goodwill

By Ranamita Chakraborty | 18/12/2023

The seven recommendations aim to improve the reliability, faithful representation and transparency of goodwill disclosed in financial statements.

Crypto / Digital Assets

IOSCO Calls for Stronger Response to Online Threats to Retail Investors

By Manesh Samtani | 17/12/2023

Collaboration is needed between regulators, law enforcement, and stakeholders in the broader online ecosystem like search engine operators and social media platforms.

Sanctions

UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action

By Editors | 16/12/2023

US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.

ESG / Sustainability

ICMA Introduces Voluntary Code of Conduct for ESG Ratings

By Ranamita Chakraborty | 15/12/2023

Aligned with IOSCO recommendations, the code seeks to improve transparency and trust in sustainable finance by promoting consistent global standards.