INTERNATIONAL

AML / KYC

FATF Framework Can Better Support Financial Inclusion: RUSI

By Manesh Samtani | 16/06/2021

There are insufficient incentives within the framework to ensure the FATF Standards are implemented in a way that supports inclusion.

Fintech / Regtech

BIS Innovation Hub Launches Nordic Centre in Stockholm

By Manesh Samtani | 16/06/2021

The Nordic Centre was opened in collaboration with the central banks of Denmark, Iceland, Norway and Sweden.

AML / KYC

WEF Offers Framework to Help Prevent Illicit Financial Flows

By Sanday Chongo Kabange | 16/06/2021

The “Unifying Framework” published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.

AML / KYC

RUSI Calls On FATF to Devise Financial Inclusion Strategy

By Editors | 15/06/2021

Little concrete work has been done by the FATF so far to actively promote financial inclusion as part of its primary integrity mandate.

Capital / Liquidity

ISDA Chief Calls for Use of Common Risk Data Reporting Standard

By Ranamita Chakraborty | 14/06/2021

CRIF will reduce the risk data reporting burden, increase the accuracy and consistency of the information reported, and allow for more automation.

Market Infrastructure

ISDA Consults on Fallbacks for GBP & USD LIBOR ICE Swap Rates

By Editors | 14/06/2021

Current fallbacks are not expected to be able to function effectively upon a permanent cessation of the GBP and USD LIBOR ICE Swap Rates.

Fintech / Regtech

El Salvador Becomes First Country to Allow Bitcoin as Legal Tender

By Editors | 13/06/2021

El Salvador president Nayib Bukele is inviting bitcoin miners to set up at a state-owned geothermal facility powered by a volcano.

AML / KYC

G7 Leaders Commit to Acting on Corruption, Shell Companies

By Manesh Samtani | 13/06/2021

The communique highlights a need to tackle the misuse of shell companies and curtail the ability of illicit actors to hide wealth, including in real estate.

Crypto / Digital Assets

Task Force Created to Align Digital Token Identifier With ISIN

By Editors | 12/06/2021

The task force is a joint collaboration between Etrading Software, the registration authority for the new ISO standard for DTIs, and ANNA.