INTERNATIONAL

AML / KYC

US Authorities Accused of Ignoring Evidence Against StanChart

By Editors | 06/06/2024

A whistleblower says US officials falsely denied that he had provided useful information in order to have his claim for a whistleblower reward dismissed.

Crypto / Digital Assets

Project mBridge Ready for Live Transactions by Early Adopters

By Manesh Samtani | 06/06/2024

Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

Fintech / Regtech

Hackers Put Stolen Santander Data Up for Sale – Reports

By Editors | 05/06/2024

The hacking group reportedly stole 30 million customers’ bank account details and 28 million credit card numbers, among other information.

Market Infrastructure

BIS Launches New Project to Enhance Cross-border Payments

By Manesh Samtani | 05/06/2024

The project will explore a new automatic FX settlement layer solution for cross-border payments, using wCBDC as a settlement asset.

Big Picture

Fraud Constitutes 37pc of All Financial Crimes – Report

By Mark Johnston | 05/06/2024

Fraud accounted for 37% of financial crime records reviewed by LSEG Risk Intelligence for its inaugural fraud analysis.

Fintech / Regtech

CBA, JPM to Pilot Cross-border Bank Account Validation

By Nithya Subramanian | 04/06/2024

CBA’s pilot involves the sharing of limited payee account data through its NameCheck technology on JP Morgan’s Liink network.

Securities / Derivatives

IOSCO Sets Out Good Practices for Leveraged Loan, CLO Markets

By Manesh Samtani | 04/06/2024

The report provides an analysis of LL and CLO markets and sets out 12 good practices to support decision-making in these markets.

Sanctions

EU Joins Allies in Targeting DPRK-Russia Arms Trade With Sanctions

By Editors | 03/06/2024

The EU announced sanctions against six individuals and three entities for sanctions evasion and providing military support to Russia.

AML / KYC

Tokenisation Will Improve Correspondent Banking Model: BIS Paper

By Manesh Samtani | 01/06/2024

The next generation of correspondent banking will make “previously closed corridors economically viable once again”.