International

Climate Risk

SBTi Consults on Carbon Credit Guidance

By ESG Investor | 22/06/2023

The guidance will help to inform companies’ decision-making when looking to invest in climate finance and mitigation.

Climate Risk

Regulators Urged to Consider Climate Litigation as Relevant Financial Risk

By Ranamita Chakraborty | 22/06/2023

Major carbon-producing companies saw their firm value decrease following climate-related lawsuits and further reduce when unfavourable judgments were made.

Cybersecurity

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.

Fraud, Scams & Cybercrime

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.

DeFi & Web3

French Regulator Calls for Global Approach to DeFi Regulation

By Editors | 21/06/2023

The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

Anti-Money Laundering

Singapore Sentences Two Former Wirecard Employees to Jail

By Karen Ng | 21/06/2023

These are the first convictions in the Wirecard scandal that brought down the German payment processor.

Tokenisation

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.

Climate Risk

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.

PEPs & 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.