International

ESG / Sustainability

Paris Anniversary Marked by New Finance Initiative

By ESG Investor | 14/12/2020

Participating countries issued new commitments related to the three pillars of the Paris Agreement at the Climate Ambition Summit 2020.

Big Picture

APAC Overtook US in AML Penalties For 2020: Fenergo

By Editors | 10/12/2020

APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.

Capital / Liquidity

Big Banks Were Progressing on Basel III Agenda Prior to Covid

By Editors | 10/12/2020

Under full phase-in of the final Basel III standards, the capital shortfalls at Group 1 banks were €10.7bn based on end-December 2019 data, compared with €16.6bn at end-June 2019.

Securities / Derivatives

ICMA Announces Launch of Climate Transition Finance Handbook

By Editors | 10/12/2020

The handbook provides clear guidelines on the disclosures on their climate change strategy issuers should make when raising funds in debt capital markets.

AML / KYC

Global LEI Foundation to Develop ‘Cryptographically Verifiable LEIs’

By Editors | 10/12/2020

The ‘vLEI’ will create a cryptographically secure chain of trust that replaces manual processes required to access and confirm an entity’s LEI data.

AML / KYC

FATF Releases New Report on Trade-based Money Laundering

By Editors | 09/12/2020

A key finding of the report is that greater awareness about all aspects of the trade process would likely increase opportunities to detect and disrupt TBML.

AML / KYC

Combatting TBML Through Collaboration and Technology

By Henry Roxas | 09/12/2020

R3’s Henry Roxas describes the complexities of trade-based money laundering in Asia and the importance of collaboration to tackle the problem once and for all.

AML / KYC

US Congress Includes Corporate Transparency in Defence Bill

By Editors | 08/12/2020

The legislation will establish reporting requirements on beneficial ownership information, which could effectively end anonymous shell companies in the US.

AML / KYC

Global Coalition to Fight Financial Crime Expands Membership

By Sanday Chongo Kabange | 08/12/2020

Interpol and Western Union are among the five new additions to the GCFFC’s membership, bringing the total count to 18 organisations.