International

Emerging Prudential Risks

FSB Outlines 2024 Work Priorities, Cites Financial Stability Concerns

By Editors | 16/11/2023

FSB discussed “pockets of remaining banking-sector vulnerabilities” and ongoing work to implement the regulatory framework for crypto and stablecoins.

PEPs & Sanctions

US, UK Tout “Enhanced Partnership” on Sanctions

By Editors | 16/11/2023

US and UK sanctions authorities have worked closely together over the past year as the UK continues to define its post-Brexit sanctions regime.

CBDCs

IMF Says CBDCs Can Replace Cash; Unveils Handbook

By Nithya Subramanian | 15/11/2023

IMF’s Kristalina Georgieva said that public sector should prepare to deploy CBDCs and prepare platforms that facilitate cross-border payments.

KYC & CDD

Regulation Asia Awards for Excellence 2023 – Results Announcement

By Editors | 15/11/2023

Regulation Asia held its sixth annual Awards ceremony on 14 November 2023. Here we explain our methodology and announce the winners for the year.

PEPs & Sanctions

OFAC Issues Guidance on Humanitarian Aid to Palestinians

By Editors | 15/11/2023

OFAC says guidance is intended to help NGOs navigate US sanctions while providing aid to Palestinian people.

PEPs & Sanctions

OFAC Probes Shipping Companies as Russia Circumvents Oil Sanctions

By Editors | 15/11/2023

US Treasury sent letters to companies seeking information about 100 vessels, according to a Reuters report.

PEPs & Sanctions

US and UK Announce Sanctions on Hamas Leaders and Financiers

By Editors | 15/11/2023

Latest coordinated US and UK sanctions target Hamas leadership and financial channels in the Middle East.

Data Privacy

UNDP, MAS, GLEIF Launch Global Initiative to Boost MSME Finance

By Editors | 14/11/2023

The initiative proposes to create trusted credentials that characterise an MSME’s financing worthiness based on traditional and alternative data sets.

Anti-Money Laundering

Basel AML Index: AML/CFT Systems Have Become Less Effective

By Editors | 14/11/2023

The 2023 Basel AML Index highlights a drop in the effectiveness of AML/CFT systems and inadequate compliance globally with the FATF standards for virtual assets.