International

Sanctions

G7 Allies Impose Expansive New Russia-related Sanctions

By Manesh Samtani | 22/05/2023

The US issued more than 300 new designations. The UK, Canada, and Japan also announced new sanctions.

AML / KYC

Report Warns of Elevated Digital Attacks Rate Throughout 2023

By Sanday Chongo Kabange | 21/05/2023

LexisNexis Risk Solutions published a new report showing a 50 percent year-on-year increase in APAC’s payment attack rate.

Securities / Derivatives

WFE Highlights Challenges of Measuring CCP Margin Procyclicality

By Editors | 20/05/2023

The significant uncertainty in measurements means procyclicality mitigation tools can be miscalibrated, inefficient, or detrimental.

Sanctions

Price Cap Policy for Russian Oil is Working: US Treasury Report

By Editors | 20/05/2023

Oil revenues now account for 23 percent of the total Russian budget, compared to 30-35 percent before the war in Ukraine.

AML / KYC

FATF President Calls on G7 to Act on Crypto Assets

By Editors | 19/05/2023

T Raja Kumar called on the G7 to “lead by example” in fully and effectively implementing the FATF Recommendations on crypto assets.

Fintech / Regtech

34 FIs Have Joined Swift Service for Addressing Settlement Fails

By Editors | 19/05/2023

The service leverages the UTI to link all Swift messages related to the same securities settlement flow in a transaction chain.

Sanctions

Top EU Official Concerned by Russian Oil Flowing into Europe

By Editors | 18/05/2023

India is buying heavily discounted crude oil from Russia and selling full-priced refined products into Europe. Josep Borrell said the EU must act.

Crypto / Digital Assets

GFMA Report Details How DLT Will Benefit Capital Markets

By Editors | 18/05/2023

The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

Big Picture

BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto

By Manesh Samtani | 18/05/2023

The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.