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International
Big Picture
IOSCO Offers ‘Toolkits’ to Address Changing Nature of Exchange Models
By Thisanka Siripala | 03/12/2024
New report offers recommendations to help regulators improve supervision of exchanges, which are becoming increasingly global and venturing into non-traditional services.
Crypto / Digital Assets
Permissionless Blockchains Can Enhance Traditional Financial Services
By Editors | 03/12/2024
European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.
Enforcement
Former CEO Pleads Guilty to Violating US Export Controls
By Editors | 03/12/2024
The former CEO of a freight forwarding company made over 1,000 shipments to Chinese companies on the Entity List that were dealing with North Korea.
Sanctions
US Targets China Chip Production With New Export Controls
By Editors | 03/12/2024
The controls aim to further impair China’s ability to procure and produce technology for its military modernisation, WMD programmes, and ability to repress human rights.
Sanctions
BRICS Nations Face ‘100% Tariffs’ if They Move Away from USD
By Editors | 02/12/2024
President-elect Trump said the BRICS nations will face “100% Tariffs” if they create a new BRICS currency or back any other currency to replace the US dollar.
Sanctions
Iran Launch of CBDC to Combat Sanctions is ‘Imminent’ – Report
By Editors | 02/12/2024
The Central Bank of Iran also recently launched a SWIFT alternative, the “ACU-MIR” system, which is enabling transactions with countries such as India and Pakistan.
Fintech / Regtech
UK Launches AI Security Research Lab to Defend Against Cyber Threats
By Thisanka Siripala | 02/12/2024
The Lab will seek collaboration with the Five Eyes members to defend against the use of AI for malicious purposes, including attempts by Russia and North Korea.
AML / KYC
Central Banks Offers Legal and System Design Lessons for Retail CBDC
By Manesh Samtani | 01/12/2024
Seven central banks have published two new papers summarising key legal and system design aspects of retail CBDC.
AML / KYC
Morgan Stanley Internal Documents Show Scale of AML Deficiencies
By Nithya Subramanian | 30/11/2024
Nearly a quarter of the bank’s international wealth accounts were reportedly flagged in 2023 for elevated money laundering risks.
Capital / Liquidity
BCBS Publishes Report on Implementing Positive Neutral CCyB
By Manesh Samtani | 29/11/2024
The report describes different jurisdictional frameworks for implementing a positive neutral CCyB and approaches to calibration and operation.
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