PEPs & Sanctions

OFAC Sanctions More Chinese Entities Over Fentanyl Epidemic

01/06/2023

The Chinese embassy in Mexico said the accusations are groundless and that China has been vigorously carrying out international anti-drug law enforcement cooperation

Cryptocurrency

CFTC Issues Advisory on Risks of Clearing Crypto Derivatives

31/05/2023

Commissioner Kristin Johnson said the advisory means a formal rulemaking process on crypto clearing is warranted.

Structural Regulation

LME Consults on Reforms to Boost Confidence in Metals Market

31/05/2023

The proposed reforms include expanded reporting on stored metal, permanent measures to address low stock levels, and revised closing price methodologies.

Payments & Settlements

China to Boost Yuan Settlement in Africa Trade

31/05/2023

A new centre set up in Yiwu, Zhejiang Province, will expand the use of the yuan settlement in cross-border trade with Africa.

Credit Risk

HKMA Consults on Output Floor, Credit Risk Framework

31/05/2023

The consultation focuses on the implementation of the revised credit risk framework and the output floor.

Fraud, Scams & Cybercrime

MAS Bans Former StanChart Adviser Following Forgery Conviction

31/05/2023

The former representative altered a document to falsely presenting another client as the account holder instead of the actual client.

Anti-Money Laundering

Perth Mint Misses AUSTRAC Deadline, CEO Resigns

31/05/2023

The delay was attributed to the complexity of the audit and the challenges in gathering the required information.

Anti-Money Laundering

APRA, AUSTRAC Enter Enforceable Undertakings With BoQ

31/05/2023

For APRA’s enforceable undertaking, Bank of Queensland has to set aside an extra A$50mn in regulatory capital.

Payments & Settlements

CPMI Seeks Experts on Cross-border Payment APIs

31/05/2023

API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.