International

Fraud, Scams & Cybercrime

UAE Extradites Former CEO to Thailand to Face Fraud Charges

By Editors | 25/06/2024

The former CEO of Stark Corporation was extradited to Thailand after being on the run for around eight months.

CBDCs

SNB Extends CBDC Project ‘Helvetia’ for Two More Years

By Editors | 24/06/2024

The SNB said it has become “the world’s first central bank” to carry out a monetary policy operation in a live production environment using DLT.

PEPs & Sanctions

FATF Must Blacklist Russia Over DPRK Partnership, Ukraine Says

By Manesh Samtani | 24/06/2024

RUSI’s Tom Keatinge says the FATF could damage its legitimacy if it doesn’t have a response to the strengthening of ties between Russia and North Korea.

Payments & Settlements

Malaysia, Thailand Commencing Procedures to Join BRICS

By Editors | 24/06/2024

Thailand has submitted a formal letter of intent to join BRICS. Malaysia has decided to join and will start work on the formal procedures “soon”.

AI Risk & Governance

EU Commission Launches Consultation on Use of AI in Finance

By Editors | 23/06/2024

The consultation and a series of workshops target all financial stakeholders, covering use cases, benefits, barriers, risks and stakeholder needs.

PEPs & Sanctions

Japan Foreign Ministry Announces New Russia Sanctions

By Editors | 22/06/2024

The new measures include a prohibition on exports to 14 entities based in Russia, as well as companies based in China, Hong Kong, India, Kazakhstan and Uzbekistan.

PEPs & Sanctions

EU Ambassadors Agree on 14th Russia Sanctions Package

By Editors | 22/06/2024

The package includes sanctions on Russia’s LNG sector, the SPFS financial messaging system, and entities in third countries that allegedly helped Russia.

PEPs & Sanctions

OFAC Sanctions 12 Execs of Cybersecurity Firm Kaspersky Lab

By Editors | 22/06/2024

Kaspersky products, services, and software updates will also be banned in the US starting from 29 September due to the company’s Russian ties.

Market Risk

EU Confirms Decision to Postpone FRTB Implementation

By Editors | 20/06/2024

Commissioner Mairead McGuinness said postponing FRTB ensures a global level playing field for European banks that compete with global players.