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International
PEPs & Sanctions
OFAC Sanctions New Targets for Helping Hizballah Money Exchanger
By Editors | 02/05/2024
Five individuals and two entities were sanctioned for helping a previously-designated money exchanger to evade sanctions, OFAC said.
Tokenisation
Capital Markets Regulators Committed to Innovating With Tokenisation
By Nithya Subramanian | 02/05/2024
The UK FCA’s Rupert Harrison and Thai SEC’s Kris Tontipiromya discussed their tokenisation work at the recent Digital Assets Asia 2024.
Cybersecurity
BIS to Develop AI Solution for Assessing Cyber Resilience
By Editors | 02/05/2024
The solution will be able to collect and analyse data to assess the cyber security and resilience maturity of a country’s financial sector.
PEPs & Sanctions
US Sanctions Over 280 Targets for Supporting Russia
By Editors | 01/05/2024
The targets include companies in Azerbaijan, Belgium, China, Hong Kong, Russia, Slovakia, Turkey, the UAE, and Russia.
Reporting & Disclosures
ISSB Publishes Sustainability Disclosure Taxonomy
By ESG Investor | 01/05/2024
Use of the taxonomy by companies will enable investors to search, extract and compare sustainability-related financial disclosures.
Anti-Money Laundering
Wolfsberg Group Responds to FATF Payment Transparency Consultation
By Manesh Samtani | 01/05/2024
Operators of payment market infrastructures should be brought into the scope of R.16 and ISO 20022 terminology should be adopted.
Anti-Money Laundering
US Court Sentences Binance Founder to Four Months Jail
By Editors | 01/05/2024
The sentence was below the three years requested by prosecutors and the 18 month maximum recommended under federal guidelines.
Credit Risk
BCBS Proposes Counterparty Credit Risk Management Guidelines
By Editors | 01/05/2024
The guidelines seek to address weaknesses in CCR management, as demonstrated in the Archegos failure and other recent episodes of NBFI distress.
Cryptocurrency
Russia to Tighten Regulations for Crypto Mining Operations
By Editors | 01/05/2024
Earlier it was reported that Russia was planning to ban private cryptocurrencies outright, but a lawmaker has dispelled this notion.
Reporting & Disclosures
Common Green Fund Rules Remain Distant Dream
By ESG Investor | 01/05/2024
Investors call for greater clarity and certainty on regulatory expectations around sustainable finance disclosures.
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