International

Crypto / Digital Assets

FSB Workplan Includes Global Push to Implement Crypto Rules

By Mark Johnston | 25/01/2024

FSB said that implementation of its recommendations for crypto assets and careful monitoring are essential for the crypto market.

AML / KYC

Moody’s Analytics Flags 21 Million Shell Company Risks

By Mark Johnston | 25/01/2024

More than 2,200 companies have directors aged 123 years and above, despite the fact that the oldest known human lived to 122.

Sanctions

US Senate Committee Approves REPO for Ukrainians Act

By Manesh Samtani | 25/01/2024

If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.

AML / KYC

BIS Focuses on Tokenisation, CBDCs, Green Finance Projects This Year

By Ranamita Chakraborty | 24/01/2024

BIS is ensuring “technology serves economically meaningful activities” as it advances its CBDC project and initiates a blockchain-based tokenisation project.

ESG / Sustainability

ADB Advocates Private Sector Involvement in Climate Action Financing

By Ranamita Chakraborty | 24/01/2024

ADB’s Warren Evans emphasises multilateral development banks can’t finance climate action alone, urging the private sector to provide bulk of funding.

Market Infrastructure

BIS Sets Out Priorities for Next Review of FX Global Code

By Manesh Samtani | 23/01/2024

BIS Market Committee Chair John Williams says the GFXC should expand adoption to more types of institutions and continue work on reducing FX settlement risk.

AML / KYC

Metaverse Tools Crucial in Fight Against Cryptocurrency Crime: INTERPOL

By Ranamita Chakraborty | 23/01/2024

Interpol’s white paper highlights blockchain forensics as a vital tool in combating Metacrimes linked to cryptocurrencies, including money laundering and fraud.

ESG / Sustainability

IFRS Foundation and GRI Publish GHG Emissions Reporting Guide

By Mark Johnston | 23/01/2024

The reporting guide shows how to report Scope 1, Scope 2 and Scope 3 GHG emissions using both the GRI and ISSB standards.

AML / KYC

Singapore Money Laundering Case Tops S$3bn in Assets

By Editors | 22/01/2024

Warrants of arrest and Interpol Red Notices have also been issued against two more Cambodian nationals for money laundering offences.