International

AML / KYC

OFAC Sanctions Russian Crypto Miners, UK Targets Military

By Manesh Samtani | 21/04/2022

OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.

Crypto / Digital Assets

FSB Warns of Emerging Vulnerabilities, Financial Stability Risks

By Manesh Samtani | 21/04/2022

Global financial stability cannot be taken for granted going forward, FSB Chair Klaas Knot said in a letter to G20 Finance Ministers and Central Bank Governors.

Fintech / Regtech

RegTech Adoption Requires Rethink of Regulatory Environment

By Sanday Chongo Kabange | 20/04/2022

New WEF paper outlines success factors for regtech adoption, a roadmap for implementation, and guidance on regulatory requirements.

Big Picture

WFE Publishes Paper on Human Rights Disclosure Practices

By Editors | 19/04/2022

The paper addresses social washing concerns and offers guidance for exchanges on reporting against human-rights related reporting frameworks.

AML / KYC

Countries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF

By Manesh Samtani | 19/04/2022

The FATF finds that countries have made “huge progress” in improving technical compliance, but many still face substantial challenges in taking effective action.

Fintech / Regtech

Growth of Fintechs, Neobanks Poses Systemic Risk: IMF

By Mark Johnston | 19/04/2022

Digital banks should have to meet stronger capital, liquidity, and risk-management requirements, commensurate with their risks.

Big Picture

SBTi Offers Guidance to FIs on Setting Net Zero Targets

By Editors | 19/04/2022

SBTi’s new paper provides principles, definitions, metrics, and target formulation considerations for FIs to set quantitative net-zero targets.

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.