International

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    AML / KYC

    US, EU Push for UAE Removal from FATF Gray List

    By Editors | 23/06/2023

    Some officials have reportedly been pushing for UAE to be removed from the FATF’s grey list. The country could be removed in as soon as a few months.

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    Fintech / Regtech

    FSB Consults on Third-Party Risk Management Toolkit

    By Editors | 23/06/2023

    The toolkit has been developed amid a growing reliance on third-party service providers for critical financial sector operations.

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    ESG / Sustainability

    UNEP FI Maps Status of Climate Risk Analysis

    By ESG Investor | 22/06/2023

    New report will help financial institutions accurately interpret the outcomes of climate risk analysis

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    ESG / Sustainability

    SBTi Consults on Carbon Credit Guidance

    By ESG Investor | 22/06/2023

    The guidance will help to inform companies’ decision-making when looking to invest in climate finance and mitigation.

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    ESG / Sustainability

    Regulators Urged to Consider Climate Litigation as Relevant Financial Risk

    By Ranamita Chakraborty | 22/06/2023

    Major carbon-producing companies saw their firm value decrease following climate-related lawsuits and further reduce when unfavourable judgments were made.

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    Fintech / Regtech

    Embattled PwC Caught up in Russian Cyberattack

    By Editors | 22/06/2023

    A Russian hacker group known as CL0P exploited a vulnerability in MOVEit, a third-party software platform used for secure data transfer.

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    Enforcement

    Terra Founder Jailed for Four Months in Montenegro

    By Mark Johnston | 22/06/2023

    Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.

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    Crypto / Digital Assets

    BIS Offers Blueprint for Future Monetary & Financial System

    By Editors | 21/06/2023

    The BIS says the future financial system will combine tokenised money and assets on a programmable platform.

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    ESG / Sustainability

    SBTi Consults on Climate Guidance for FIs

    By ESG Investor | 20/06/2023

    SBTi seeks to assist the finance sector in ensuring their decarbonisation plans align with scientific principles and contribute to combating climate change.

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    Sanctions

    US, UK Prepare to Use Frozen Russian Assets to Help Ukraine

    By Manesh Samtani | 19/06/2023

    New US law would allow frozen Russian assets to be confiscated and used to finance Ukraine’s reconstruction.

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