International

AML / KYC

US Agencies Warn of North Korean ATM Cash-out Threat

By Manesh Samtani | 30/08/2020

The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.

Capital / Liquidity

FSB Publishes ‘Key Attributes’ Assessment Methodology for Insurance

By Editors | 25/08/2020

The methodology will guide the assessment of how well a jurisdiction’s insurance resolution framework aligns with the FSB’s Key Attributes for effective resolution regimes.

Securities / Derivatives

ISDA Calls for Global Alignment in UPI, UTI Implementation

By Manesh Samtani | 25/08/2020

ISDA is urging the FSB to “intensify monitoring and coordination of jurisdictional alignment” to the global UTI, UPI and CDE recommendations.

AML / KYC

ISO Sets Standard for Embedding LEIs in Digital Certificates

By Editors | 22/08/2020

Simplified LEI integration paves the way for all digital certificates to be linked by a universal identifier and reduces the resource burden on certificate issuers.

AML / KYC

APAC Regulators Issue Nearly $4bn in AML Fines in H1 2020

By Editors | 19/08/2020

Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.

AML / KYC

PEPs in the Limelight: Three Components to Mitigate Risk

By Editors | 19/08/2020

To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.

AML / KYC

FFIS Charts Growth of Public-Private Partnerships in New Report

By Manesh Samtani | 19/08/2020

Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.

AML / KYC

WWF, ACAMS Launch New Initiative Targeting Illegal Wildlife Trade

By Editors | 18/08/2020

The partnership seeks to bridge gaps in the financial systems that criminals exploit to move, hide and launder the proceeds of the illegal trade in wildlife.

AML / KYC

UN Security Council Rejects Extension of Iran Arms Embargo

By Editors | 18/08/2020

The UN Security Council has rejected a US resolution to extend an international arms embargo on Iran due to expire on 18 October.