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International
PEPs & Sanctions
Data is Key to Making Sanctions Work – RUSI Report
By Editors | 23/04/2024
Banks would be able to better identify red flags and stop illicit transactions if certain fields in SWIFT such as HS trade codes were made mandatory.
Tokenisation
BIS Outlines Vision for Future Financial System, Called “Finternet”
By Manesh Samtani | 23/04/2024
The “Finternet” would enable multiple financial ecosystems to interconnect with each other, like the internet, using technologies such as tokenisation and unified ledgers.
Anti-Money Laundering
FATF Ministers Pledge Stronger Measures Against Financial Crime
By Mark Johnston | 23/04/2024
The FATF has published a Ministers’ Declaration to reinforce their commitment to combating financial crime.
Sustainable Finance
NZAOA Launches Fourth Iteration of Target-setting Protocol
By ESG Investor | 22/04/2024
Latest iteration of the alliance’s target-setting protocol expands coverage to private markets, providing more detail on sovereign debt.
PEPs & Sanctions
OFAC Penalises Thai Petrochemical Firm for Sanctions Violations
By Editors | 21/04/2024
A unit of a Siam Cement Group subsidiary obfuscated the Iranian origin of polyethylene resin, causing US banks to unknowingly process transfers that violated sanctions.
Reporting & Disclosures
ISDA Offers Recommendations to Address Greenwashing in VCMs
By Editors | 21/04/2024
Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.
PEPs & Sanctions
US Sanctions Four Entities Over Pakistan Missile Inputs
By Editors | 21/04/2024
One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.
PEPs & Sanctions
US, EU Issue New Sanctions Over Settler Violence in West Bank
By Editors | 21/04/2024
OFAC’s sanctions target two entities that helped raise funds for two already-designated Israeli settlers. The EU sanctions target four individuals and two entities.
PEPs & Sanctions
US Reimposes Sanctions on Venezuela’s Oil and Gas Sectors
By Editors | 20/04/2024
Venezuela has fallen short of its commitments in terms of opening up the democratic and electoral process, US officials said.
AI Risk & Governance
ISDA Offers Guidance on Using GenAI in Derivatives Markets
By Manesh Samtani | 19/04/2024
The report identifies use cases for GenAI in the OTC derivatives market, and explores regulatory issues, challenges and risks.
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