International

ESG / Sustainability

IIGCC Releases Derivatives, Hedge Funds Guidance

By ESG Investor | 09/02/2024

The guidance provides advice to hedge fund managers on how to report on the real-economy impact of their holdings and better support net zero investment strategies.

ESG / Sustainability

Disclosure Progress “Much too Slow” – CDP

By ESG Investor | 08/02/2024

The number of firms disclosing rose 24% in 2023, but only slow progress is being made to improve the quality of climate and nature.

Crypto / Digital Assets

Ransomware Losses in 2023 Exceeded $1bn in Crypto : Report

By Nithya Subramanian | 08/02/2024

Chainalysis crypto crime report attributes last year’s surge in ransomware attacks to heightened intensity and sophistication by diverse actors.

Sanctions

Taiwan Adds More High Tech Items to Export Control List

By Editors | 08/02/2024

The expanded export controls list is part of a response to reports that Taiwan-made machine tools have ended up in Russia.

ESG / Sustainability

EU Agrees Regulatory Approach for ESG Rating Providers

By Sanday Chongo Kabange | 07/02/2024

ESG rating providers will need to be authorised and supervised by the ESMA and comply with transparency requirements.

Fintech / Regtech

Cybersecurity is the Biggest Risk for Global Banks: Survey

By Nithya Subramanian | 07/02/2024

The EY-IIF report says cyber threats are constantly morphing with evolving links to geopolitical, technology and third-party risks.

AML / KYC

Iraq Bars Eight Local Banks from Accessing US Dollars

By Editors | 06/02/2024

The move came days after a visit to Iraq by a top US official to discuss measures to protect the financial systems from criminal, corrupt and terrorist actors.

Sanctions

Canada Joins Allies in Sanctioning Hamas Officials

By Editors | 06/02/2024

This is the first time that Canada has used sanctions under its SEMA regulations to target non-state actors.

Sanctions

Iran Reported to Have Used UK Banks for Sanctions Evasion

By Editors | 06/02/2024

Iran allegedly used front companies in the UK to conceal real ownership and receive funds at accounts at two of the UK’s largest banks.