International

Sanctions

US Sanctions North Korean Bankers for Laundering Cybercrime Proceeds

By Nithya Subramanian | 05/11/2025

OFAC sanctioned eight individuals and two entities for laundering illicit funds supporting North Korea’s weapons programmes, cyberattacks, and IT operations.

Securities / Derivatives

IOSCO Pushes for CDS Transparency, Highlighting Gaps in APAC Hubs

By Manesh Samtani | 05/11/2025

IOSCO encourages jurisdictions to enhance post-trade transparency after finding no evidence the CDS market caused 2023 banking stress.

Enforcement

FATF Issues New Guidance to Improve Asset Recovery Outcomes

By Manesh Samtani | 04/11/2025

The FATF calls for new tools like non-conviction-based confiscation to tackle the massive failure in seizing criminal proceeds.

Securities / Derivatives

IOSCO Consults on Overhaul of Disclosure Rules, Flags Valuation Weaknesses

By Sanday Chongo Kabange | 04/11/2025

IOSCO is seeking feedback on a new issuer disclosure framework and has highlighted persistent weaknesses in financial valuations.

Securities / Derivatives

IOSCO Urges Tougher Application of Principles for ESG Benchmarks

By Manesh Samtani | 04/11/2025

IOSCO says existing rules are a base, but supplemental guidance is needed to tackle greenwashing and subjective data risks in ESG indices.

Securities / Derivatives

IOSCO Finalises Global Pre-Hedging Guidance for Dealers

By Manesh Samtani | 03/11/2025

IOSCO has published ten recommendations focusing on client benefit, consent, disclosure, and conduct risk management for the practice.

Enforcement

LME Fines Mizuho Unit $350k for Systemic OTC Reporting Failures

By Mark Johnston | 03/11/2025

The London Metal Exchange penalised the Mizuho unit for failing to report affiliate OTC positions for over two years due to internal control deficiencies.

Fintech / Regtech

HKMA Details GenAI Banking Success, Launches Project for AI Auditing

By Manesh Samtani | 03/11/2025

HKMA has shared key findings from its GenAI sandbox, highlighting practical uses and launching a new regulatory project.

Market Infrastructure

Compliance Markets, Not VCMs, Present Real Opportunity: ICMA

By Manesh Samtani | 03/11/2025

A new paper from the capital markets body highlights the dominance of regulated systems and opportunities in derivatives as Asian nations develop their own schemes