International

Sustainable Finance

IIGCC Unveils Net Zero Guidance for Private Equity

By ESG Investor | 17/05/2023

The guidance is intended to support private equity investors in net zero target setting, engagement and reporting.

Anti-Money Laundering

EU Enters Trilogue Discussions on Proposed New AML Authority

By Mark Johnston | 17/05/2023

The new Anti-Money Laundering Authority would directly supervise high-risk financial entities and coordinate national authorities and FIUs.

Anti-Money Laundering

IMF Offers New Guidance on Combatting Terrorism Financing

By Editors | 16/05/2023

New downloadable book presents contributions by experts from the IMF, UN, Egmont Group, INTERPOL, and Europol.

Stablecoins

Tether’s Excess Stablecoin Reserves Reach All-time High

By Editors | 15/05/2023

Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.

Anti-Money Laundering

The Financial Action Task Force’s Challenge with Russia

By Fatima Alsancak | 15/05/2023

RUSI’s Fatima Alsancak says the FATF should consider Russia’s invasion of Ukraine as an impetus to update its standards and country assessment process to address corruption.

PEPs & Sanctions

G7 Leaders Pledge to Maintain Resilience of Global Financial System

By Editors | 15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.

Cryptocurrency

AIMA Publishes New Guide on Digital Asset Trading

By Editors | 15/05/2023

The guide provides an overview of the digital asset trading ecosystem and highlights key risk management considerations for institutional investors.

Capital Adequacy

Supervisors Need More Guidance on Using Pillar 2 Tools

By Manesh Samtani | 15/05/2023

Many prudential risks that arise from rising interest rates are “beyond the scope of Pillar 1” and are “more effectively addressed” through a robust Pillar 2 supervisory review process.

PEPs & Sanctions

US DOJ Approves First Transfer of Seized Russian Funds to Ukraine

By Editors | 15/05/2023

“While this represents the United States’ first transfer of forfeited Russian funds for the rebuilding of Ukraine, it will not be the last,” said Attorney General Merrick Garland.