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International
Enforcement
OFAC Penalises Indian Tobacco-maker for Sanctions Violations
By Editors | 06/03/2023
Godfrey Phillips India exported tobacco to North Korea through a Thai intermediary, saying they were going to China. Hong Kong intermediaries were used to make the payments.
ESG / Sustainability
New ISO Standard for Sustainable Finance Launched
By ESG Investor | 05/03/2023
The British Standard Institute has launched a sustainable finance standard to help ‘demystify’ principles for the market.
AML / KYC
US Authorities Fine Ericsson $200m for Breaching 2019 DPA
By Editors | 04/03/2023
Ericsson breached a 2019 deferred prosecution agreement intended to resolve a probe into 17 years of alleged corruption in Djibouti, China, Vietnam, Indonesia, and Kuwait.
Capital / Liquidity
Covid Asset Purchases by Central Banks Were “Broadly Successful”
By Mark Johnston | 04/03/2023
A new CGFS report finds that the asset purchases were “broadly successful” in addressing disruptions in monetary policy transmission and providing additional stimulus to the economy.
AML / KYC
FATF Explores Financial Crime Risks in Art and Antiquities Markets
By Mark Johnston | 03/03/2023
New report highlights the need for greater awareness and understanding of the risks and collaboration across public and private sectors.
Crypto / Digital Assets
FSB-IMF Paper to Support Global Policy Approach to Crypto
By Editors | 03/03/2023
An “IMF-FSB Synthesis Paper” due to be published in September will support a “coordinated and comprehensive policy approach to crypto-assets”.
Capital / Liquidity
BCBS Adds New Monitoring Dashboard for Banks’ Crypto Exposures
By Editors | 03/03/2023
In the first six months of 2022, cryptoassets under custody at banks declined 66 percent, largely due to fewer banks participating in the exercise.
Market Infrastructure
CPMI Consults on Harmonisation Requirements for ISO 20022
By Editors | 02/03/2023
CPMI is seeking feedback on technical harmonisation requirements for the use of ISO 20022 messages in cross-border payments.
Crypto / Digital Assets
AIMA Publishes New Due Diligence Questionnaires for Digital Assets
By Editors | 01/03/2023
The DDQs are primarily designed for investors to evaluate investment and operational risks associated with allocations to digital asset investment funds.
Market Infrastructure
ANNA Completes Implementation of Revised ISO Standard for ISINs
By Editors | 01/03/2023
National Numbering Agencies must now formally report LEIs, CFIs and FISNs to the ANNA Service Bureau, which will increase data coverage and quality.
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