INTERNATIONAL

Hong Kong FSDC Signs Pact with Kuwait Capital Markets Authority

By Sanday Chongo Kabange | 08/02/2025

The MoU focuses on mutual cooperation, information exchange, and the promotion of innovative financial products and services.

AML / KYC

FATF Annual Report Highlights Crypto Loopholes as Key Threat

By Thisanka Siripala | 07/02/2025

Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

Sanctions

China Lodges Complaint at WTO Over US Tariffs

By Editors | 07/02/2025

China said the measures were “imposed on the basis of unfounded and false allegations”, violate trade rules, and are “discriminatory and protectionist”.

Sanctions

OFAC Issues Sanctions Targeting Iran Oil Shipments to China

By Editors | 07/02/2025

The sanctions target several vessels along with individuals and entities in China, Hong Kong, India, Iran, Seychelles, and UAE.

ESG / Sustainability

IFRS Foundation Publishes Guide on Using ISSB Transition Relief

By Thisanka Siripala | 06/02/2025

The guide explains which parts of IFRS S1 apply when a company is only reporting climate-related disclosures under IFRS S2

Securities / Derivatives

DTCC Launches New Platforms to Drive Digital Assets Adoption

By Editors | 06/02/2025

The platforms support token issuance, distribution, servicing, monitoring, reporting and other lifecycle processes.

Fintech / Regtech

BIS Paper Offers Guidance on AI Governance in Central Banking

By Thisanka Siripala | 06/02/2025

The report recommends that central banks integrate AI oversight into existing risk management frameworks and processes such as the 3LoD model.

Capital / Liquidity

BCBS 2025-26 Work Programme Endorsed by GHOS

By Manesh Samtani | 05/02/2025

The work programme focuses on Basel III implementation, safeguarding bank resilience, and initiatives related to the digitalisation of finance.

Sanctions

US to Restore “Maximum Pressure” Campaign on Iran

By Manesh Samtani | 05/02/2025

Presidential memo directs the Treasury to enforce sanctions compliance and rescind any relief provided to Iran through licences or guidance.