International

Crypto / Digital Assets

Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

By Mark Johnston | 23/11/2023

Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.

Sanctions

FinCEN Hosts US Banks for Discussion on Russian Export Controls Evasion

By Editors | 23/11/2023

Readout from FinCEN forum includes a list of guidance documents to help financial institutions detect and report transactions related to suspected export controls evasion.

BIS Launches New Data Portal for All Statistics

By Editors | 23/11/2023

Users can access the BIS Data Portal at any time to check global or country-specific statistics to inform their analysis.

AML / KYC

FATF, OECD Spotlight Vulnerabilities of Investment Migration Programmes

By Manesh Samtani | 23/11/2023

The report proposes mitigation measures to address the risks and vulnerabilities associated with investment migration programmes.

Crypto / Digital Assets

Canada Starts Consultations on Crypto Asset Disclosure by Banks

By Mark Johnston | 23/11/2023

Canada’s banking regulator is seeking feedback on proposals to align with the BCBS framework for crypto asset disclosures.

ESG / Sustainability

BCBS Addresses Challenges of Managing Climate-related Financial Risk

By Mark Johnston | 23/11/2023

BCBS newsletter discusses challenges relating to data availability and quality, capabilities and expertise, and climate scenario analysis.

Sanctions

UK, South Korea to Cooperate on North Korea Sanctions Patrols

By Editors | 23/11/2023

Agreement calls for greater naval cooperation to detect and thwart violations of UN sanctions off the coast of North Korea.

Enforcement

Crypto Firm Bittrex Global Announces Decision to Cease Operations

By Sanday Chongo Kabange | 22/11/2023

While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.

Securities / Derivatives

TAIFEX Partners CME Group, Nasdaq to Launch Semiconductor Futures

By Editors | 22/11/2023

New contract will make TAIFEX the only non-US exchange to list futures for four major US equity indexes.