International

Sanctions

OFAC Sanctions Chinese Cybersecurity Company and Employee

By Editors | 11/12/2024

OFAC said the employee was responsible for deploying malware to 81,000 firewalls owned by thousands of businesses worldwide in April 2020.

Sanctions

Canada Sanctions Chinese, Russian Officials for Human Rights Abuses

By Editors | 11/12/2024

The sanctions were announced to mark International Human Rights Day. China said the sanctions violate international law.

Capital / Liquidity

FSB Issues Recommendations to Enhance Non-banks’ Liquidity Preparedness

By Manesh Samtani | 11/12/2024

The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices.

ESG / Sustainability

Goldman Sachs Withdraws from Net-Zero Banking Alliance

By Thisanka Siripala | 11/12/2024

The bank said it will continue to advance its net zero goals and that its priorities remain to help clients achieve their sustainability goals.

Sanctions

UK, US Issue Sanctions for Illicit Gold Trading, Human Rights Abuses

By Editors | 10/12/2024

The dozens of sanctions targets include a British-Kenyan businessman who ran a global gold smuggling and money laundering network in Zimbabwe.

Crypto / Digital Assets

Etrading Software Designated as ISIN Issuer for Crypto Instruments

By Editors | 10/12/2024

Etrading Software is now the Designated Numbering Agency responsible for issuing ISINs for crypto instruments globally

AML / KYC

Egmont Group Offers Guidance to FIUs on Conducting NRAs

By Manesh Samtani | 10/12/2024

New Egmont Group report discusses best practices for identifying ML/TF risks, common challenges experienced in NRAs, and strategies for ensuring success.

AML / KYC

FATF Should Recognise ‘Alternative Measures’ to Promote Inclusion

By Manesh Samtani | 09/12/2024

The Wolfsberg Group says the FATF standards should explicitly recognise and encourage “alternative measures” such as limited-purpose account types and tailored monitoring.

Crypto / Digital Assets

Sifma Releases Findings from Regulated Settlement Network PoC

By Editors | 09/12/2024

The findings demonstrated the potential of shared ledger technology to settle tokenised money and securities and address current inefficiencies and operational risks.