International

AML / KYC

Using Privacy Preserving Analysis to Tackle Financial Crime

By Manesh Samtani | 07/07/2020

Privacy enhancing technologies, or PETs, may provide a “similar or, even, identical utility” compared to analysis of the raw data in some use-cases, says an FFIS paper.

Market Infrastructure

Singapore Regulator Raises Concerns Over LSEG-Refinitiv Deal

By Editors | 06/07/2020

Singapore’s competition regulator has concerns about whether Refinitiv’s widely used WM/Reuters FX benchmarks would be offered to rival providers at fair and reasonable terms.

Capital / Liquidity

BCBS Releases 18th Progress Report on Basel III Adoption

By Editors | 06/07/2020

In Asia Pacific, Hong Kong, Korea and Indonesia have in particular made significant progress towards implementing the Basel III standards.

Fintech / Regtech

BIS Innovation Hub Can Draw Lessons from GFIN

By Manesh Samtani | 03/07/2020

As the BIS Innovation Hub widens its reach, success will rely on its ability to cultivate a supportive ecosystem which includes financial institutions and innovators alike.

AML / KYC

Economic Downturn Presents Opportunities for Corporate Fraud

By Chris Fordham | 03/07/2020

Drawing from the Fraud Triangle Theory, Alvarez & Marsal’s Chris Fordham discusses how the current crisis has created a perfect storm for fraud and misconduct.

AML / KYC

Automatic Exchange Uncovers €10tr in Offshore Accounts in 2019

By Editors | 02/07/2020

The automatic exchange of information by tax authorities in nearly 100 countries uncovered data on 84 million accounts held offshore in 2019.

AML / KYC

BCBS Updates AML Guidance to Advance Supervisory Cooperation

By Editors | 02/07/2020

Prudential and AML/CFT supervisors should establish an effective cooperation mechanism regardless of the institutional setting, the updated guidelines say.

AML / KYC

New FATF President Presents Objectives For Two-Year Term

By Editors | 01/07/2020

FATF President Marcus Pleyer will prioritise work on digital transformation, racially motivated terrorism, migrant smuggling, environmental crime, and illicit arms trafficking.

Market Infrastructure

FSB Issues Statement on Global Benchmark Transition

By Editors | 01/07/2020

The FSB maintains its view that financial and non-financial sector firms across all jurisdictions should continue efforts to remove remaining LIBOR dependencies by end-2021.