International

Fraud, Scams & Cybercrime

Philippines: Immigration Officer Jailed for Falsifying Wirecard COO Travel Records

By Mark Johnston | 25/10/2023

The immigration officer was sentenced to nine years in prison for tampering with travel records for Jan Marsalek, who is wanted by INTERPOL.

Payments & Settlements

Wolfsberg Group Updates Payment Transparency Standards

By Editors | 25/10/2023

The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.

Cybersecurity

Europol Explores How Quantum Computing Will Impact Law Enforcement

By Mark Johnston | 24/10/2023

Europol report says law enforcement agencies need to build up their knowledge and transition to post-quantum cryptography.

Credit Risk

New Paper Sheds Light on CCP Credit Risk Management Practices

By Manesh Samtani | 23/10/2023

The paper from CCP Global provides information on how CCPs conduct ongoing credit monitoring to make informed risk assessments and safeguard market integrity.

Custody & Infrastructure

StanChart, Deutsche Complete First UDPN Proof of Concept

By Editors | 23/10/2023

The UDPN messaging system is designed to provide interoperability between stablecoins and CBDCs, similar to how the SWIFT network facilitates bank transactions.

Anti-Money Laundering

Egmont Group Suspends Membership of Russian FIU

By Editors | 23/10/2023

The move bars Rosfinmonitoring from using Egmont Group’s platform to share information with other FIUs and from playing any other role in the organisation.

Reporting & Disclosures

New Record for CDP Company Disclosures

By ESG Investor | 23/10/2023

The US, China, Japan, UK and Germany had the highest number of disclosing companies. A “considerable increase” was observed in South Korea and Cambodia.

Anti-Money Laundering

FinCEN Issues Alert to Counter Hamas Financing Activities

By Editors | 23/10/2023

The alert contains red flags that FinCEN has identified to help detect, prevent, and report potential suspicious activity related to Hamas’ terrorist financing activity.

Reporting & Disclosures

ESMA Warns on “Misleading” Use of ESG-related Terms by Funds

By ESG Investor | 23/10/2023

Research by ESMA shows that ESG-related named funds attract more inflows, raising concerns about potential greenwashing.