International

Cryptocurrency

EU Adopts Four Delegated Regulations Under MiCA

By Mark Johnston | 27/02/2024

The regulations cover penalties, criteria for significant, EBA supervisory fees, and product intervention powers.

Anti-Money Laundering

FATF Consults on R.16 Changes to Improve Payment Transparency

By Manesh Samtani | 27/02/2024

The revisions would help guard against fraud by requiring beneficiary FIs to check the alignment of beneficiary information in payment messages.

Emerging Prudential Risks

FSB Warns of ‘Challenging Outlook’ for Global Financial Stability

By Manesh Samtani | 27/02/2024

The FSB is analysing the financial stability implications of tokenisation and AI, and taking stock of regulatory initiatives on nature-related financial risks.

Trading & Investment

EU Council Adopts New AIFMD, UCITS Rules

By Editors | 27/02/2024

The new rules enhance the integration of asset management markets in Europe, the European Council said.

PEPs & Sanctions

Ukraine Calls on FATF to Take Stronger Action on Russia

By Editors | 26/02/2024

Russia has been procuring missiles from Iran and North Korea for use against Ukraine in violation of UN sanctions, the Ukrainian Finance Ministry said.

PEPs & Sanctions

Sanctions Against Chinese Firms are “Unlawful” – MOFCOM

By Editors | 26/02/2024

China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.

PEPs & Sanctions

Russia is Procuring Tank Parts Made in Japan, Taiwan via China

By Editors | 25/02/2024

A Belarusian-owned company in Shenzhen has reportedly been acquiring tank parts from Japanese and Taiwanese manufacturers for use by Russia.

Reporting & Disclosures

ISSB Works to Finalise Jurisdictional Adoption Guide

By ESG Investor | 25/02/2024

The ISSB’s Inaugural Jurisdictional Guide should be finalised by mid-year, with the core objective of reducing fragmentation.

PEPs & Sanctions

New Sanctions Packages Announced to Mark Ukraine War Anniversary

By Editors | 25/02/2024

The US, EU, Canada, Japan and Australia announced new Russia-related sanctions, including Chinese, Indian, South Korean and Thai companies among their targets.