International

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    Market Infrastructure

    Transitioning to T+1 Settlement: Lessons for Asian Firms

    By Nithya Subramanian | 22/08/2024

    Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

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    Crypto / Digital Assets

    IMF Paper Highlights Untapped Potential of Programmability

    By Ranamita Chakraborty | 22/08/2024

    The paper proposes a framework for understanding programmability in payment and settlement systems.

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    Enforcement

    Polish National Arrested in Montenegro for Crypto Fraud

    By Mark Johnston | 22/08/2024

    Both Poland and South Korea are seeking the extradition of crypto founder Roman Zimian to face fraud and money laundering charges.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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