International

Sanctions

EU Expands Sanctions on Myanmar Junta and Supporters

By Editors | 12/12/2023

EU imposes asset freezes on four individuals and two companies in latest action against Myanmar’s military-led government.

Big Picture

IMF to Expand AML/CFT Data Analytics Capabilities

By Manesh Samtani | 11/12/2023

The IMF plans to increase focus on assessing and mitigating the macro-economic impacts of illicit flows in the global financial system.

Big Picture

Geopolitical Risk Seen as Top Risk to Financial Industry in 2024

By Editors | 08/12/2023

As many as 47% of respondents cited geopolitical risk as the number one risk impacting the global financial system in 2024.

Market Infrastructure

DSB Forms New Advisory Committee for ISIN, UPI Services

By Editors | 07/12/2023

The new committee will provide recommendations on governance matters related to the ISIN and UPI Services.

Market Infrastructure

HSBC Trials Quantum Protection for AI-powered FX Trading

By Sanday Chongo Kabange | 07/12/2023

HSBC is using its own AI-powered tool to safeguard trades of any value from quantum attacks and other cyber risks.

ESG / Sustainability

IFRS Foundation Offers Three New Commitments

By Manesh Samtani | 07/12/2023

Chair of the IFRS Foundation Trustees, Erkki Liikanen, declared each of the commitments given two years ago “fulfilled”.

ESG / Sustainability

EMDE Body on Sustainable Finance Unveiled by China’s IFS

By Editors | 07/12/2023

The new body’s initial 42 members include HSBC, Standard Chartered Bank, Silk Road Fund and the CFA Institute.

AML / KYC

Canada’s FINTRAC Fines RBC for STR Filing Failures

By Editors | 06/12/2023

RBC failed to submit STRs in some cases, submitted some STRs incorrectly, and did not keep written policies and procedures up-to-date.

ESG / Sustainability

Export Credit Agencies Team Up to Decarbonise Global Trade

By Editors | 06/12/2023

The export credit agencies commit to ending new direct support for the fossil fuel energy sector by the end of 2024.