LATEST NEWS

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    Big Picture

    Digital Dollar Project Calls for US Leadership on CBDC Standard Setting

    By Mark Johnston | 30/01/2023

    The US’s cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar’s dominance and have implications for sanctions evasion.

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    Market Infrastructure

    India Completes Transition to T+1 Settlement Cycle

    By Editors | 30/01/2023

    The final phase of India’s T+1 transition roadmap covered the country’s largest listed securities, which transitioned to the new settlement cycle on Friday.

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    Sanctions

    West Imposes More Iran Sanctions in Response to Protest Handling

    By Editors | 29/01/2023

    Iran responded with sanctions against EU and UK individuals and entities. IAEA director general Rafael Grossi plans to visit Iran in February for “much needed” political dialogue.

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    AML / KYC

    FinCEN Warns of Sanctions Evasion in Commercial Real Estate

    By Editors | 29/01/2023

    New FinCEN alert lists potential red flags and typologies involving attempted sanctions evasion in the CRE sector by sanctioned Russians and their proxies.

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    Securities / Derivatives

    Korea FSC Unveils New Risk Rating System for Investment Products

    By Editors | 29/01/2023

    Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.

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    Crypto / Digital Assets

    FBI Confirms DPRK Hackers Behind $100m Horizon Bridge Crypto Theft

    By Editors | 29/01/2023

    The FBI was able to freeze a portion of the stolen funds, in coordination with some virtual asset service providers.

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    Laos Closes All Non-State Currency Exchange Channels

    By Editors | 29/01/2023

    Currency exchange transactions in Laos can now only be done through state-run banks. The move has resulted in nationwide business disruptions.

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    Enforcement

    Korea FSC Issues Guidelines on Employee Personal Trading

    By Editors | 29/01/2023

    Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using “borrowed” accounts for personal trading.

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    Fintech / Regtech

    BOJ Examines Use of Privacy Enhancing Technologies for CBDC

    By Mark Johnston | 29/01/2023

    A CBDC could be supported by the use of privacy-enhancing technologies to anonymise data while still allowing for AML/CFT analysis, the BOJ says.

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    ESG / Sustainability

    ESMA Under Pressure on ESG Fund Labelling Rules

    By ESG Investor | 27/01/2023

    European financial regulator faces up to criticisms of its plans for ESG label rules, with concerns focusing on the EU’s SFDR.

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