International

PEPs & Sanctions

US Treasury Issues Temporary Licence for Iranian Oil Cargoes

By Nithya Subramanian | 23/03/2026

OFAC is allowing sales of Iranian oil to proceed if already at sea, aiming to ease supply pressures while maintaining sanctions restrictions.

Anti-Money Laundering

EU Study Calls for New Global Rules to Address Organised Crime Groups

By Manesh Samtani | 23/03/2026

European Parliament report urges the FATF to tackle illicit finance from state-linked criminal groups, highlighting gaps in international law.

Fraud, Scams & Cybercrime

Global Raid Shuts 373,000 Dark Web Sites Run From China

By Manesh Samtani | 23/03/2026

Chinese national allegedly ran a network offering fraudulent cybercrime services and taking payments in Bitcoin, prompting a 23-country crackdown.

Emerging Prudential Risks

Geopolitical Rifts Create Asymmetric Risks for Cross-border Banking: BIS

By Manesh Samtani | 23/03/2026

New BIS paper says negative geopolitical events disproportionately hit cross-border credit, while positive events fail to provide a similar boost.

AI Risk & Governance

FIs Remain Wary of AI as They Move to Modernise Reg Reporting

By Blake Evans-Pritchard | 23/03/2026

Despite a regulatory push to modernise, financial institutions are hesitant to use AI in reporting due to accuracy and validation concerns.

Reporting & Disclosures

Japan, UK Seek Alignment on ISSB, Basel III and Crypto Regulation

By Manesh Samtani | 20/03/2026

Regulators discussed sustainability reporting, digital assets, and reaffirmed their commitment to the full, timely, and consistent implementation of Basel III.

Capital Adequacy

US Regulators Unveil Long-Awaited Bank Capital Rules Proposal

By Manesh Samtani | 20/03/2026

Proposals to implement the Basel III endgame would lower overall capital, prompting warnings of a global 'race to the bottom'.

Structural Regulation

IOSCO Consults on Closing OTC Commodity Oversight Gaps

By Manesh Samtani | 20/03/2026

IOSCO is seeking feedback on proposals to enhance visibility into OTC positions while addressing industry concerns over costs and confidentiality

Capital Adequacy

WFE Urges Basel Committee to Rethink Crypto Capital Rules

By Manesh Samtani | 20/03/2026

WFE warns that current standards risk stifling tokenisation and do not reflect the principle of 'same risk, same regulation'.