INTERNATIONAL

Sanctions

US Sanctions Former Haitian President for Drug Trafficking

By Editors | 21/08/2024

OFAC said Michel Joseph Martelly facilitated the trafficking of dangerous drugs, laundered illicit drug proceeds, and sponsored criminal gangs.

Capital / Liquidity

IIGCC: Climate Physical Risk Tool Is Game Changer

By ESG Investor | 20/08/2024

A new methodology allows investors to evaluate and report on the physical risk climate change poses to their real assets.

AML / KYC

Banks Exercise Caution in Transition to AI-Based AML Systems

By Bradley Maclean | 20/08/2024

Participants at a recent Regulation Asia roundtable in Hong Kong expressed caution, but also optimism, about the use of AI for AML purposes.

Big Picture

MIT Researchers Create World’s First Catalogue of AI Risks

By Ranamita Chakraborty | 20/08/2024

The AI Risk Repository reveals that only 10% of AI risks are detected before deployment, underlining the importance of post-launch monitoring.

Crypto / Digital Assets

ICMA Publishes New GMRA Annex Dedicated to Digital Assets

By Editors | 19/08/2024

The Annex was prepared by ICMA, ISLA, and Clifford Chance to provide a standardised framework for documenting repo transactions involving digital assets.

AML / KYC

Lithuania Intensifying Crackdown on Sanctions Evasion Activities

By Editors | 19/08/2024

Over 50 investigations relating to sanctions breaches have been opened in Lithuania. Rulings in several cases have already been issued.

ESG / Sustainability

Major Banks Off-track on Climate: World Resources Institute

By ESG Investor | 19/08/2024

16 of 25 banks assessed have committed to coal financing phase-out by 2040 or earlier, but they are not all taking the necessary steps to get there.

Fintech / Regtech

Getting Your Ducks in a Row for APAC Rules Rewrites

By Priya Kundamal | 19/08/2024

DTCC’s Priya Kundamal discusses the lessons learned from markets that have implemented the first phase of changes to derivatives reporting rules.

Sanctions

China Imposes New Export Controls on Strategic Minerals

By Editors | 18/08/2024

The export controls apply to antimony and related products as well as certain equipment and technologies used in materials science and engineering.