International

Crypto / Digital Assets

CBDC Platform mBridge is Open to US Dollar Inclusion: Central Bankers

By Editors | 24/10/2024

Current and former central bankers speaking at Sibos discussed the importance of the mBridge platform and how it can evolve to meet broader market needs.

Sanctions

FinCEN Issues New Alert on Countering Hezbollah Activities

By Editors | 24/10/2024

The alert builds on a May advisory on Iran-backed terrorist groups and sets out indicators to assist FIs in identifying and reporting activity involving Hezbollah.

Crypto / Digital Assets

FSB Chair Updates G20 on Work to Maintain Financial Stability

By Manesh Samtani | 23/10/2024

The FSB published a report on the financial stability implications of tokenisation and a progress update on the G20 Crypto-Asset Policy Implementation Roadmap.

Fintech / Regtech

Swift Cross-Border Payment Speeds Ahead of G20 Targets – Report

By Mark Johnston | 22/10/2024

A Swift report says  90 percent of cross-border payments made over its network now reach the destination bank within an hour.

Big Picture

FSB Reports on Progress to Enhance Cross-border Payments

By Manesh Samtani | 22/10/2024

Adoption of the LEI in cross-border payments remains a challenge. Progress toward achieving targets has been limited across wholesale, retail, and remittances.

Big Picture

BIS Report Offers Considerations for Central Banks on Tokenisation

By Editors | 22/10/2024

The report discusses the opportunities, risks, and policy implications of token arrangements for central banks and the global financial system.

Sanctions

Switzerland Adopts More Measures from EU’s 14th Russia Package

By Editors | 21/10/2024

Switzerland will not adopt the EU text that requires companies to prevent circumvention via their subsidiaries “to the best of their ability”.

AML / KYC

FATF Due to Consider Adding Russia to Blacklist – Reports

By Editors | 21/10/2024

Ukraine is calling on the FATF to blacklist Russia, citing its close financial and military cooperation with UN-sanctioned North Korea and Iran.

Sanctions

OFAC Issues Sanctions Over China-Russia Drone Project

By Editors | 21/10/2024

These are the first sanctions imposed on China-based entities for “directly developing and producing complete weapons systems in partnership with Russian firms”.