International

Market Infrastructure

EU Reaches Agreement on Rule Enhancements for Investment Funds

By Editors | 25/07/2023

AIMA’s deputy CEO Jiri Krol said some restrictions are “difficult to justify” but that AIMA has worked with policymakers to ensure they are “better defined and calibrated”.

Crypto / Digital Assets

Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal

By Manesh Samtani | 24/07/2023

The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.

Crypto / Digital Assets

Russian President Signs CBDC Bill Into Law

By Manesh Samtani | 24/07/2023

The central bank will begin piloting a digital ruble in August, with 13 banks and about 30 enterprises from 11 cities participating.

Capital / Liquidity

EBA Initiates Consultation on Climate Risk Data Collection

By Editors | 24/07/2023

EBA initiates climate data consultation with EU banks for Fit-for-55 climate risk analysis in collaboration with ESAs, ECB, and ESRB.

AML / KYC

Worldcoin Crypto Project Officially Launches

By Editors | 24/07/2023

The project uses a small device called an “orb” to scan people’s eyeballs in order to generate a unique digital identity.

Market Infrastructure

Banks Targeted by Open-Source Software Supply Chain Attacks

By Editors | 24/07/2023

Checkmarx detected the first known open-source supply chain attacks targeting the banking sector.

AML / KYC

HK ADCC Prevented Nearly HK$12bn of Fraud Losses in Six Years

By Mark Johnston | 22/07/2023

HK’s Anti-Deception Coordination Centre has prevented HKD 11.79 billion from falling into the hands of fraudsters since the unit was set up about six years ago.

Sanctions

Western Allies Announce New Sanctions to Deter Russia

By Manesh Samtani | 21/07/2023

US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.

OECD Proposes Common Approach for Real Estate Information Exchange

By Ranamita Chakraborty | 20/07/2023

OECD recently submitted an updated report analysing the current state of tax transparency regarding foreign-owned real estate and made several recommendations.