International

Sustainable Finance

Carbonplace Gets Further Backing from Nine Banks

By Editors | 09/02/2023

The investment will go towards the development of a global carbon credit transaction network that will launch later this year.

Alternative Markets

Asset Managers Launch Global Trade Finance Working Group

By Editors | 08/02/2023

New working group will work to boost the role of alternative lenders in providing trade finance, at a time when traditional lenders are retrenching.

Stablecoins

BIS Innovation Hub to Develop Stablecoin Monitoring Tools

By Editors | 08/02/2023

Project Pyxtrial will investigate technological tools that can enable systemic monitoring of stablecoins and their balance sheets.

Anti-Money Laundering

FATF Publishes Annual Report for 2021-2022

By Editors | 07/02/2023

The report sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency.

PEPs & Sanctions

OFAC Sanctions Eight Executives of Iranian Drone Maker

By Editors | 06/02/2023

The US has issued five rounds of designations of individuals and entities involved in transferring drones to Russia for use in Ukraine.

Trade Based Money Laundering

New Report Calls for Global Action to Address TBML

By Editors | 06/02/2023

Recommendations include the use of education campaigns, inter-agency task forces, beneficial ownership registries, and new technologies to assess trade pricing.

Structural Regulation

OECD Issues Guidance on Implementing Global Minimum Tax

By Editors | 06/02/2023

The guidance aims to help governments implement the 15% global minimum corporate tax in a consistent manner and reduce compliance costs for companies.

ESG Data

Japan Leads in ESG Governance but Pliant Rules a Letdown

By Hazel Ilango | 06/02/2023

While Japan’s code of conduct represents a key step forward, the “comply or explain” approach may hinder its effectiveness, writes the IEEFA’s Hazel James Ilango.

PEPs & Sanctions

New Price Caps Targeting Russian Petroleum Products Take Effect

By Editors | 06/02/2023

A 55-day transitional period is provided for Russian petroleum products purchased and loaded onto vessels before 5 February and unloaded before 1 April 2023.