International

Anti-Money Laundering

FATF Concerned About Impact of Ukraine Invasion on Risk Environment

By Editors | 06/03/2022

Russia’s actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.

Sustainable Finance

APLMA, LMA, LSTA Publish New ESG Guidance Documents

By Editors | 06/03/2022

The guidance documents are intended to support the development of green, social, and sustainability-linked loans.

Anti-Money Laundering

UK, UAE Launch New Toolkit Targeting Illegal Wildlife Trade

By Editors | 04/03/2022

Financial institutions worldwide are urged to adopt the toolkit; share it with colleagues, peers and industry partners; and take action to stamp out IWT.

PEPs & Sanctions

Credit Suisse Attempts to Conceal Records on Russian Clients – Report

By Editors | 04/03/2022

Credit Suisse reportedly asked investors to destroy documents relating to a loan securitisation backed by “jets, yachts, real estate and/or financial assets”.

Anti-Money Laundering

GCFFC Offers Recommendations on Improving FATF Mutual Evaluations

By Manesh Samtani | 03/03/2022

Mutual evaluations also do not adequately take into account threat, materiality, and contextual factors. The FATF should promote the use of PPPs and data sharing.

PEPs & Sanctions

SWIFT Ban Spares Russian Banks Facilitating EU Energy Trade

By Manesh Samtani | 03/03/2022

Sberbank and Gazprombank not included in ban; Global banks demonstrating “extreme caution”; Crypto exchanges under pressure to Russia-linked transactions.

Cryptocurrency

Cambridge CCAF Launches Crypto Research Project

By Sanday Chongo Kabange | 02/03/2022

The research project will cover the environmental implications and broader ESG considerations of digital assets and their associated services, among other themes.

PEPs & Sanctions

Russia SWIFT Ban Still Being Finalised; China Urges Dialogue

By Manesh Samtani | 02/03/2022

Seven Russian banks will likely be cut off from SWIFT; Japan will freeze Russia’s yen reserves; Korea will suspend transactions with seven Russian banks and their subsidiaries.

Anti-Money Laundering

New EU-Wide AML Authority Expected to Oversee Crypto Firms

By Mark Johnston | 01/03/2022

A group of EU member states led by Germany is seeking to make the inclusion of cryptocurrency firms under the AMLA’s remit more explicit.