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International
Fintech / Regtech
BIS to Study Financial Crime Detection in Retail Payments
By Editors | 15/01/2024
Project Hertha will map financial crime typologies in real-time payment systems, and build a synthetic dataset to test identification of the typologies.
Crypto / Digital Assets
BIS to Explore Tokenisation of Promissory Notes Used to Funds MDBs
By Editors | 15/01/2024
Project Promissa intends to simplify the management of the notes and provide a single source of truth for all counterparties throughout the notes’ lifecycles
AML / KYC
Crypto Firms Lead Surge in AML Fines: Report
By Mark Johnston | 15/01/2024
Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.
Sanctions
Better Enforcement Needed on Russia-related Export Controls
By Editors | 15/01/2024
New report calls for coalition authorities to address the role of third-country intermediaries in export controls circumvention schemes.
Sanctions
US Sanctions HK, UAE Companies to Target Houthi Revenues
By Editors | 15/01/2024
OFAC also identified four vessels as blocked property for their involvement in shipping Iranian commodities on behalf of a Houthi financial facilitator.
AML / KYC
Wolfsberg Group Updates Guidance on Swift RMA Due Diligence
By Mark Johnston | 12/01/2024
The Wolfsberg Group has revised its guidance on Swift RMA due diligence, taking into account ISO 20022 migration.
Enforcement
Software Giant SAP to Pay Over $220m to Resolve FCPA Violations
By Editors | 12/01/2024
SAP paid bribes to government officials in South Africa, Indonesia, Malawi, Kenya, Tanzania, Ghana and Azerbaijan.
ESG / Sustainability
New Corporate Governance, Human Rights Guidance from PRI
By ESG Investor | 12/01/2024
The corporate governance guide explains the approaches asset owners can take to promote robust corporate governance practices among investee firms.
AML / KYC
Transparency and Independent Oversight Main Issues of FATF: Experts
By Nithya Subramanian | 11/01/2024
A roundtable organised by RUSI concluded that marginal reforms aimed at improving transparency could be more successful and impactful.
ESG / Sustainability
AI Use and Climate Change Pose Biggest Risks: WEF Report
By Ranamita Chakraborty | 11/01/2024
The report’s findings come as global leaders are due to meet next week in Davos, Switzerland for WEF’s annual summit.
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