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PEPs & Sanctions
HSBC to Halt Russia, Belarus Payments for Corporate Clients – Reports
By Editors | 11/09/2023
HSBC reportedly told customers that the sanctions and trade restrictions imposed on Russia and Belarus have made it “increasingly challenging” to operate.

Anti-Money Laundering
Fourth Former FTX Executive Pleads Guilty to US Charges
By Editors | 10/09/2023
The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

DeFi & Web3
DeFi Unlikely to Be Used for Real-world Assets: BIS Paper
By Manesh Samtani | 10/09/2023
BIS paper examines the problems associated with oracles, which collect and disseminate data for use in DeFi smart contracts.

Fraud, Scams & Cybercrime
Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term
By Mark Johnston | 08/09/2023
The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.

Nature & Biodiversity
NGFS Publishes Conceptual Framework for Nature Risk
By Editors | 08/09/2023
The framework provides a common language to the financial system and guides action by central banks and financial supervisors.

DeFi & Web3
IOSCO Proposes Global Approach to Address DeFi Risks
By Manesh Samtani | 08/09/2023
The recommendations are predicated on the need to identify “responsible persons”, regardless of the operating model of the DeFi arrangement.

Cryptocurrency
FSB, IMF Publish Global Regulatory Roadmap for Crypto
By Manesh Samtani | 08/09/2023
The joint report says comprehensive regulatory and supervisory oversight of crypto-assets should be a baseline to address macroeconomic and financial stability risks.

Sustainable Finance
International Bodies Publish New Guidance on Blue-Themed Bonds
By Editors | 07/09/2023
The guidance provides market participants with clear criteria, practices, and examples for “blue bond” lending and issuances.

Emerging Prudential Risks
FSB Warns of Financial Stability Risks from ‘Hidden’ NBFI Leverage
By Editors | 07/09/2023
The FSB has identified pockets of high leverage in the NBFI sector and outlines policy implications to address these vulnerabilities.

Clearing & Post-Trade
SGX Gains Connectivity to FIA Tech’s Trade Data Network
By Editors | 07/09/2023
The new connectivity will give SGX members greater transparency into their trade give up/ take in process.
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