Anti-Money Laundering

FATF Issues Report on Crowdfunding for Terrorism Financing

01/11/2023

The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.

Tokenisation

Malaysia’s Fusang Exchange Issues First Institutional Tokenised Sukuk

01/11/2023

The digital sukuk is os structured as a depositary receipt, backed by a sukuk issued by the International Islamic Liquidity Management Corp.

PEPs & Sanctions

US, UK, Canada Announce New Myanmar Sanctions

01/11/2023

OFAC restricts financing to Myanma Oil and Gas Enterprise (MOGE), as UK and Canada add new names to asset freeze lists.

Cryptocurrency

UK Confirms Plans to Implement New Rules for Crypto, Stablecoin

31/10/2023

Treasury says the government aims to have legislation for the new regime before Parliament in 2024.

AI Risk & Governance

Citi to Provide GenAI Tools to 40,000 Coders Across the Bank

31/10/2023

Citi used generative AI to analyse 1,089 pages of new capital rules proposed by US regulators in July. Over 350 other use cases have been proposed.

Sustainable Finance

HKEX Signs MoU with Shenzhen’s CEEX to Develop GBA Carbon Markets

31/10/2023

HKEX and CEEX Shenzhen will jointly explore opportunities in cross-border carbon market connectivity and climate finance.

PEPs & Sanctions

Japan Joins US in Sanctioning Hamas Fundraisers

31/10/2023

Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.

AI Risk & Governance

G7 Nations Agree on Code of Conduct for AI Systems

31/10/2023

The code of conduct for AI developers seeks to promote the development of “secure and trustworthy” AI systems internationally.

Capital Adequacy

China Tweaks Rules to Boost Stock Investments by State-owned Insurers

31/10/2023

China’s MOF has adjusted its method for evaluating state-owned insurers to boost their appetite for equity investment.