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International
Trade Based Money Laundering
A Radical Re-think on Combatting Trade Based Money Laundering
By Kelvin Toh | 24/05/2024
Kelvin Toh discusses the factors hindering current efforts to combat TBML, and what more can be done to combat this activity.
Trading & Investment
FSB Considers Ways to Enhance Resilience of CP and CD Markets
By Editors | 22/05/2024
CP and CD markets feature limited secondary market activity due to the buy-and-hold nature of these instruments, the FSB says.
PEPs & Sanctions
Canada Announces Sanctions Targeting DPRK-Russia Arms Trade
By Editors | 22/05/2024
Two individuals and six entities were sanctioned for their involvement in the transportation of weapons from North Korea to Russia.
Payments & Settlements
Swift Enables Banks to Improve Services for Corporates
By Editors | 22/05/2024
Swift will extend ISO 20022 across the entire payment chain, and provide ready-to-use, white-labelled payment tracking services via API.
Tokenisation
DTCC Completes Blockchain Pilot for Mutual Fund Data
By Editors | 22/05/2024
The pilot explored the feasibility of delivering NAV data for mutual funds across different blockchain networks.
PEPs & Sanctions
US Sanctions Blamed for Death of Iranian President
By Editors | 22/05/2024
Iran has been unable to buy aviation spare parts, one of the main reasons cited for the helicopter crash that killed President Ebrahim Raisi.
AI Risk & Governance
AI Act Gets Final Approval from European Council
By Nithya Subramanian | 22/05/2024
The AI Act provides for increased transparency regarding the development and use of high-risk AI systems, while also encouraging innovation.
PEPs & Sanctions
Russia Seizes Assets of Deutsche Bank, Commerzbank, UniCredit
By Editors | 22/05/2024
The banks were among the guarantor lenders under a contract for the construction of a gas processing plant which was terminated due to sanctions.
AI Risk & Governance
Top Tech firms Commit to AI Safety at Seoul Summit
By Nithya Subramanian | 22/05/2024
Google, Meta, Microsoft, OpenAI and others have pledged to not develop or deploy AI models if the risks cannot be sufficiently mitigated.
CBDCs
Ghana Completes Cross-border eCedi Transaction With Singapore
By Nithya Subramanian | 21/05/2024
Transactions were made on a decentralised network using a Singapore dollar stablecoin and Ghana’s new digital currency, the eCedi.
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