All posts tagged "Payments"
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216AML / KYCUS Treasury Puts Russia on Path to Sovereign Default
The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.
May 27, 2022 -
202Market InfrastructureBSP Issues Draft Operating Rules for RTGS Payment System
The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
May 26, 2022 -
334Crypto / Digital AssetsSWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems
SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.
May 26, 2022 -
538AML / KYCUS Federal Court Declares Crypto Subject to Sanctions Laws
A newly unsealed federal court opinion supports the DOJ's first criminal prosecution involving the use of crypto for sanctions evasion.
May 20, 2022 -
527AML / KYCUS Warns Against Inadvertent Hiring of DRPK IT Workers
North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
May 20, 2022 -
348FeatureTDCC to Operate Centralised Clearing Platform for Funds
Taiwan Depository Clearing Corp is will establish and operate a centralised domestic fund clearing platform.
May 18, 2022 -
582Crypto / Digital AssetsFASB Commences Review of Accounting Rules for Digital Assets
Crypto industry participants as well as ISDA are calling for the FASB to allow digital assets to be recorded on financial statements at fair value.
May 17, 2022 -
397FeatureCPMI Advances Work on Enhancing Cross-border Payments
A final report has been issued on extending RTGS operating hours, and another offering a framework for jurisdictions to self-assess payment system access.
May 13, 2022 -
533Big PictureIMF Explores Impact of Digital Money on Central Bank Operations
The paper explores how CBDCs and stablecoins could impact the interest rate channel, monetary policy and central bank operations.
May 12, 2022 -
343AML / KYCBangladesh Bank Opens RTGS to NBFI Participation
Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers' bank accounts.
May 11, 2022
