LATEST NEWS

Crypto / Digital Assets

Nigeria Detains Binance Execs After Inviting Them for Dialogue

By Mark Johnston | 13/03/2024

Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.

Crypto / Digital Assets

Major FIs Conclude Blockchain Pilot on Canton Network

By Editors | 13/03/2024

Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

AML / KYC

BRICS Establishes Council for Combating Money Laundering

By Editors | 13/03/2024

The BRICS nations also plan to create an organisation to fight money laundering and terrorist financing similar to the FATF.

Enforcement

Italy: UniCredit, NTT Data Fined Over 2018 Data Breach

By Editors | 13/03/2024

UniCredit failed to adopt technical and security measures capable of effectively countering cyberattacks, the Italian Data Protection Authority said.

Enforcement

Hong Kong ICAC Charges Former Senior Official of Insurance Authority

By Sanday Chongo Kabange | 13/03/2024

The former IA executive director threatened Prudential with the use of supervisory powers if it did not hire her daughter-in-law and give her a bigger salary package.

Sanctions

Russia Moves Ahead With Plan to Unblock Foreign-Listed Shares

By Editors | 13/03/2024

Under the plan, Russian private investors will be able to sell shares in overseas listed companies to foreigners with cash stuck in Russia.

ESG / Sustainability

Australia Publishes First National Climate Risk Assessment

By Manesh Samtani | 12/03/2024

The priority risks identified are now undergoing a second, more detailed technical assessment, scheduled for completion by end 2024.

EU to Streamline Reporting Obligations for Financial Sector

By Editors | 12/03/2024

MEPs voted to adopt new rules to streamline reporting obligations and reduce the administrative burden for the EU’s financial sector.

Capital / Liquidity

IADI Launches Review of Global Deposit Insurance Standards

By Editors | 12/03/2024

The review will apply the lessons from the 2023 banking turmoil, taking into account technology advancements and other emerging trends.