All posts tagged "Cyber Attacks"
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210AML / KYCUS to Gather 30 Countries to Coordinate Ransomware Response
The Counter-Ransomware Initiative is aimed at improving law enforcement collaboration and stemming the illicit use of cryptocurrency.
October 6, 2021 -
243AML / KYCUS Sanctions Crypto Firm Over Ransomware Payments
OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.
September 22, 2021 -
395Big PictureEU Regulators Warn of Cyber Risk, Credit Losses, Market Exuberance
The EBA, ESMA and EIOPA warn of increasingly sophisticated cyber-attacks, deteriorating credit quality, and possible exuberance in markets.
September 13, 2021 -
257AML / KYCAustralia to Introduce Magnitsky-style Sanctions Law
Australia will be able to impose targeted financial sanctions and travel bans against individuals and entities without the need for specific country-based regimes.
August 8, 2021 -
186Australia & NZAustralian Police to Establish Ransomware Taskforce
The new taskforce will enable the Australian police to have a more unified approach to pursue ransomware attackers.
June 22, 2021 -
376Hong KongHong Kong Needs New Cybersecurity Legislation: FSDC
The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.
June 16, 2021 -
1.1KAML / KYCProliferation Financing Risk: A Due Diligence Challenge
Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.
May 19, 2021 -
1.2KHong KongHKMA Instructs Banks to Assess Need for Tertiary Data Backup
Banks are asked to critically assess the need to set up a secure tertiary data backup to guard against destructive cyber attacks.
May 19, 2021 -
319FeatureNational Security, Financial Stability are Mutually Dependent: HKMA
Chief executive Eddie Yue said the HKMA is pursuing initiatives to enhance its use of technology to analyse financial data as part of its efforts in market supervision.
April 19, 2021 -
220Australia & NZRising Asset Prices May Risk Financial Stability: RBA
A correction in asset prices, if borrowers’ income were to fall and so they defaulted on debt repayments, could expose lenders to large losses.
April 19, 2021
