International

PEPs & Sanctions

OFAC Targets Procurement Networks Used for Iran Weapons Programmes

By Editors | 21/03/2024

The sanctions target 5 individuals and 10 companies they own or use to facilitate procurements for Iran’s nuclear and other military weapons programmes.

PEPs & Sanctions

OFAC Issues New Russia Sanctions Over ‘Malign Influence Efforts’

By Editors | 20/03/2024

Two individuals and their companies were sanctioned for creating fake websites designed to impersonate government bodies and media outlets with intent to deceive.

DeFi & Web3

OECD Assesses DeFi’s Role in ASEAN to Promote Financial Inclusion

By Manesh Samtani | 20/03/2024

Innovation associated with DeFi, provided in a regulated and compliant form, could offer possible financial inclusion benefits such as in MSME financing.

Reporting & Disclosures

EU Corporate Sustainability Due Diligence Directive Passes Key Committee

By Editors | 20/03/2024

Compared to the initial proposal, the number of companies in scope has been scaled back, and the financial industry is excluded, among other changes.

Climate Risk

Charting a New Course for Climate Risk Management

By Ranamita Chakraborty | 20/03/2024

The BCBS’ proposed Pillar 3 disclosure framework for climate-related financial risks highlights the need for broader consensus on such issues.

Climate Risk

BIS Demonstrates the Use of GenAI in Climate Risk Analysis

By Manesh Samtani | 20/03/2024

Project Gaia delivered a platform that can extract data from corporate climate-related disclosures and generate harmonised metrics, despite differences in disclosure frameworks.

Data Privacy

ECB, EBA Form Joint Committee to Streamline Bank Reporting

By Mark Johnston | 19/03/2024

The committee will create a common data dictionary, which will standardise concepts and definitions across new and existing reports.

Resolution & Recovery

FSB Updates Guidance on Operational Continuity in Resolution

By Manesh Samtani | 19/03/2024

A supplementary note was added to address today’s dependencies on third-party providers for critical shared services, and the digitalisation of such services.

Anti-Money Laundering

EU Commission Revises List of High Risk Third Countries

By Nithya Subramanian | 19/03/2024

Barbados, Gibraltar, Panama, Uganda and UAE have been removed from the list, while Kenya and Namibia were added.