International

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    Crypto / Digital Assets

    Countries to Start Sharing Tax Information on Crypto by 2027

    By Editors | 12/11/2023

    The 48 countries pledge to implement the CARF at the local level in time for automatic exchanges of tax relevant-information on crypto-assets to commence by 2027.

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