International

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.

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.

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.

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.

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.

Enforcement

Canada Sanctions Iranian Judges Citing Human Rights Violations

By Mark Johnston | 19/06/2023

Canada says Iran’s Revolutionary Courts are “notorious for issuing death sentences and harsh prison terms following sham trials and based on evidence gathered under torture”.

AML / KYC

US Court Orders Binance to Isolate US Business from Global Operations

By Manesh Samtani | 19/06/2023

The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.

Crypto / Digital Assets

Global Consortium Executes First “Quantum-Secure” Trade Transaction

By Sanday Chongo Kabange | 19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Crypto / Digital Assets

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

By Editors | 19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.