International

Fraud, Scams & Cybercrime

Poly Network Hackers Return Almost All of Stolen Funds

By Sanday Chongo Kabange | 13/08/2021

Hackers have returned nearly all of the USD 613 million worth of digital tokens stolen on Tuesday, says Poly Network.

Structural Regulation

Refinitiv Launches Prototype USD Fallback Rates for Cash Products

By Editors | 13/08/2021

There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.

Climate Risk

IPCC Reaction: Political Leadership Needed to Drive Transition

By ESG Investor | 12/08/2021

“Concrete and actionable carbon-reduction strategies” required from governments to drive capital reallocations, say investors, while reinforcing commitment to science-based targets.

Anti-Money Laundering

BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches

By Editors | 12/08/2021

BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.

Market Data & Technology

DSB Signs MoU on UPI Governance Arrangements

By Editors | 12/08/2021

The Derivatives Service Bureau and Regulatory Oversight Committee will cooperate to enshrine governance and oversight arrangements in the UPI service.

DeFi & Web3

DeFi Accounts for Majority of Crypto Hacks, Frauds in 2021

By Sanday Chongo Kabange | 11/08/2021

In H1 2021, DeFi accounted for 76% of major crypto hack volume and 54% of major crypto fraud volume, according to CipherTrace.

PEPs & Sanctions

North Korea Continues to Evade Sanctions – Report

By Editors | 10/08/2021

A draft report by a UN panel of experts says North Korea has continued to evade sanctions through open sea ship-to-ship transfers and other means.

Anti-Money Laundering

Good Intentions: The FATF Faces Its Own Unintended Consequences

By Tom Keatinge | 08/08/2021

The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.

Clearing & Post-Trade

LCH Set to Switch Discounting, PAI Rate from SOR to SORA

By Editors | 08/08/2021

LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.