International

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.

Sustainable Finance

Latest G20 TechSprint to Focus on Supporting Sustainable Finance

By Editors | 01/05/2024

This year’s G20 TechSprint will focus on problem statements relating to sustainable finance, including nature-based solutions and ESG data improvements.

PEPs & Sanctions

US DOJ Secures Guilty Plea in Export Control Evasion Case

By Editors | 30/04/2024

The defendant allegedly tried to procure dual-use electronic components for entities in Russia involved in the development and manufacture of drones.

PEPs & Sanctions

Chinese Firms Turning to Illegal Channels for Russia Business

By Editors | 30/04/2024

With China’s big banks no longer processing Russia-related payments, exporters are increasingly turning to underground channels including cryptocurrency.

Sustainable Finance

ICMA, IsDB and LSEG Release Guidance on Sustainable Sukuk

By Nithya Subramanian | 30/04/2024

With the sustainable sukuk market already growing, the new guidance will attract more investors and raise more capital towards the SDGs.

Clearing & Post-Trade

Last Stretch to T+1: Identifying Potential Bumps for Firms in Asia

By Nellie Dagdag | 30/04/2024

Nellie Dagdag says May 28th is not the end date for T+1 preparations; rather it is an awakening date for appreciation of the benefits of accelerated settlement.