International

Reporting & Disclosures

New Record for CDP Company Disclosures

By ESG Investor | 23/10/2023

The US, China, Japan, UK and Germany had the highest number of disclosing companies. A “considerable increase” was observed in South Korea and Cambodia.

Anti-Money Laundering

FinCEN Issues Alert to Counter Hamas Financing Activities

By Editors | 23/10/2023

The alert contains red flags that FinCEN has identified to help detect, prevent, and report potential suspicious activity related to Hamas’ terrorist financing activity.

Reporting & Disclosures

ESMA Warns on “Misleading” Use of ESG-related Terms by Funds

By ESG Investor | 23/10/2023

Research by ESMA shows that ESG-related named funds attract more inflows, raising concerns about potential greenwashing.

PEPs & Sanctions

US Treasury Announces Easing of Venezuela Sanctions

By Editors | 21/10/2023

A six-month general licence allows the production, sale and export of Venezuela’s oil and gas, without limitations on customers or destinations.

Custody & Infrastructure

DTCC to Build Infrastructure to Support Adoption of Digital Assets

By Mark Johnston | 20/10/2023

DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.

Clearing & Post-Trade

Canada to Allow T+1 Settlement Cycle for Mutual Funds

By Mark Johnston | 20/10/2023

CSA seeks feedback on amendments to allow mutual funds to voluntarily adopt T+1 settlement for subscription and redemption.

Climate Risk

Canada Consults on Climate Scenarios for FIs

By ESG Investor | 20/10/2023

The Standardised Climate Scenario Exercise is a “pivotal step” towards strengthening climate risk management, said Canada’s OSFI.

Anti-Money Laundering

FinCEN to Require FIs to Report Transactions Involving Crypto Mixers

By Editors | 19/10/2023

FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.

Resolution & Recovery

BIS General Manager Outlines Crisis Management Lessons from Bank Failures

By Mark Johnston | 19/10/2023

In a speech, Agustín Carstens reviewed the key features and outcomes of the interventions by the US and Swiss authorities to manage bank failures.