International

AML / KYC

Wolfsberg Group Updates Payment Transparency Standards

By Editors | 25/10/2023

The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.

Fintech / Regtech

Europol Explores How Quantum Computing Will Impact Law Enforcement

By Mark Johnston | 24/10/2023

Europol report says law enforcement agencies need to build up their knowledge and transition to post-quantum cryptography.

Big Picture

New Paper Sheds Light on CCP Credit Risk Management Practices

By Manesh Samtani | 23/10/2023

The paper from CCP Global provides information on how CCPs conduct ongoing credit monitoring to make informed risk assessments and safeguard market integrity.

Crypto / Digital Assets

StanChart, Deutsche Complete First UDPN Proof of Concept

By Editors | 23/10/2023

The UDPN messaging system is designed to provide interoperability between stablecoins and CBDCs, similar to how the SWIFT network facilitates bank transactions.

AML / KYC

Egmont Group Suspends Membership of Russian FIU

By Editors | 23/10/2023

The move bars Rosfinmonitoring from using Egmont Group’s platform to share information with other FIUs and from playing any other role in the organisation.

ESG / Sustainability

New Record for CDP Company Disclosures

By ESG Investor | 23/10/2023

The US, China, Japan, UK and Germany had the highest number of disclosing companies. A “considerable increase” was observed in South Korea and Cambodia.

AML / KYC

FinCEN Issues Alert to Counter Hamas Financing Activities

By Editors | 23/10/2023

The alert contains red flags that FinCEN has identified to help detect, prevent, and report potential suspicious activity related to Hamas’ terrorist financing activity.

Sanctions

US Treasury Announces Easing of Venezuela Sanctions

By Editors | 21/10/2023

A six-month general licence allows the production, sale and export of Venezuela’s oil and gas, without limitations on customers or destinations.

Crypto / Digital Assets

DTCC to Build Infrastructure to Support Adoption of Digital Assets

By Mark Johnston | 20/10/2023

DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.