International

Reporting & Disclosures

ISSB Climate Standard Won’t Ignore Impact – IOSCO

By ESG Investor | 03/02/2022

Interoperability between reporting standards and across jurisdictions is key to establishing a global baseline, says IOSCO chair Ashley Alder.

PEPs & Sanctions

Preparing for New Russia-Related Sanctions, Export Controls

By Nick Turner | 01/02/2022

Nick Turner and Steptoe partners summarize noteworthy US proposals for imposing Russia-related sanctions over the situation in Ukraine.

Anti-Money Laundering

EBA Launches EuReCA, a Central Database for AML/CFT

By Editors | 01/02/2022

EuReCA will act as an early warning tool which will help competent authorities to act before ML/TF risks crystallise, the EBA said.

AI Risk & Governance

Evolving AI Risks and Regulations in Singapore and the EU

By Peiying Chua | 31/01/2022

Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

Cybersecurity

WEF Report Calls for Cybersecurity to be Prioritised

By Editors | 30/01/2022

The report highlights prioritisation gaps between business executives and security-focused leaders, saying this can leave firms vulnerable to attacks.

Anti-Money Laundering

Europol Outlines Different Ways Criminals Use Cryptocurrency

By Sanday Chongo Kabange | 29/01/2022

A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.

Reporting & Disclosures

EBA Finalises Pillar 3 Disclosure Rules for ESG Risks

By Sanday Chongo Kabange | 28/01/2022

Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.

Data Privacy

Virtual Banking and Consent-based Data Governance

By Manesh Samtani | 27/01/2022

New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.

Tokenisation

Will 2022 Be the Year of NFT Regulation?

By Javier Tamashiro | 27/01/2022

The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.