International

AML / KYC

US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack

By Editors | 19/04/2022

OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.

AML / KYC

FinCEN Issues Guidance on Detecting Foreign Public Corruption

By Editors | 17/04/2022

The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.

AML / KYC

GCFFC Task Force to Drive Sanctions Compliance in Crypto

By Editors | 17/04/2022

The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.

Fintech / Regtech

PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs

By Sanday Chongo Kabange | 14/04/2022

The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.

ESG / Sustainability

Canada to Require Climate Disclosures for FIs from 2024

By Editors | 14/04/2022

The OSFI will consult financial institutions on climate disclosures guidelines that will phase in mandatory TCFD-aligned reporting beginning in 2024.

Crypto / Digital Assets

Nasdaq Publishes Guide on Global Crypto Regulation

By Editors | 14/04/2022

Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.

AML / KYC

Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto

By Editors | 14/04/2022

The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.

Market Infrastructure

DSB Publishes Draft Legal Documentation for Future UPI Users

By Manesh Samtani | 12/04/2022

The expected UPI reporting timeline has been revised to late Q4 2023 instead of Q3 2022, which the DSB says will help market participants’ implementation efforts.

Big Picture

IIGCC Offers Ratios to Track Portfolios’ Climate Impact

By ESG Investor | 12/04/2022

A new report by the Institutional Investors Group on Climate Change provides guidance to asset owners on closing the net zero investment gap.