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International
Crypto / Digital Assets
FSB Chair Updates G20 on Work to Maintain Financial Stability
By Manesh Samtani | 23/10/2024
The FSB published a report on the financial stability implications of tokenisation and a progress update on the G20 Crypto-Asset Policy Implementation Roadmap.
AML / KYC
Singapore Raises Concerns Over Surge in Scams on Telegram
By Nithya Subramanian | 23/10/2024
During the first half of 2024, the number of scam cases reported on Telegram spiked by 137%, said Singapore minister Sun Xueling.
Fintech / Regtech
Swift Cross-Border Payment Speeds Ahead of G20 Targets – Report
By Mark Johnston | 22/10/2024
A Swift report says 90 percent of cross-border payments made over its network now reach the destination bank within an hour.
Big Picture
FSB Reports on Progress to Enhance Cross-border Payments
By Manesh Samtani | 22/10/2024
Adoption of the LEI in cross-border payments remains a challenge. Progress toward achieving targets has been limited across wholesale, retail, and remittances.
ESG / Sustainability
CME Group Launches Trading in ACCU Futures on NYMEX
By Editors | 22/10/2024
CME Group’s Peter Keavey said the CBL ACCU futures contract was launched to help firms manage the risks associated with carbon reduction strategies.
Big Picture
BIS Report Offers Considerations for Central Banks on Tokenisation
By Editors | 22/10/2024
The report discusses the opportunities, risks, and policy implications of token arrangements for central banks and the global financial system.
Sanctions
Switzerland Adopts More Measures from EU’s 14th Russia Package
By Editors | 21/10/2024
Switzerland will not adopt the EU text that requires companies to prevent circumvention via their subsidiaries “to the best of their ability”.
AML / KYC
FATF Due to Consider Adding Russia to Blacklist – Reports
By Editors | 21/10/2024
Ukraine is calling on the FATF to blacklist Russia, citing its close financial and military cooperation with UN-sanctioned North Korea and Iran.
Sanctions
OFAC Issues Sanctions Over China-Russia Drone Project
By Editors | 21/10/2024
These are the first sanctions imposed on China-based entities for “directly developing and producing complete weapons systems in partnership with Russian firms”.
Sanctions
China Issues New Export Control Regulations for Dual-use Items
By Editors | 20/10/2024
The regulations establish a licensing system for the export of dual use items and create a list of restricted goods.
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