International

Cryptocurrency

Dubai’s VARA Releases Comprehensive Virtual Asset Framework

By Mark Johnston | 10/02/2023

The regulations aim to provide clarity and certainty and reduce market risks. VASPs must now register to offer virtual asset services in Dubai.

Cloud & Infrastructure

As Regulation Evolves, Regtech Will Continue to Boom  

By Leo Labeis | 09/02/2023

The success of the Digital Regulatory Reporting (DRR) programme highlights the opportunity that regtech presents and the increasingly important role technology will play in compliance, says Leo Labeis.

Sustainable Finance

Carbonplace Gets Further Backing from Nine Banks

By Editors | 09/02/2023

The investment will go towards the development of a global carbon credit transaction network that will launch later this year.

Alternative Markets

Asset Managers Launch Global Trade Finance Working Group

By Editors | 08/02/2023

New working group will work to boost the role of alternative lenders in providing trade finance, at a time when traditional lenders are retrenching.

Stablecoins

BIS Innovation Hub to Develop Stablecoin Monitoring Tools

By Editors | 08/02/2023

Project Pyxtrial will investigate technological tools that can enable systemic monitoring of stablecoins and their balance sheets.

Anti-Money Laundering

FATF Publishes Annual Report for 2021-2022

By Editors | 07/02/2023

The report sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency.

PEPs & Sanctions

OFAC Sanctions Eight Executives of Iranian Drone Maker

By Editors | 06/02/2023

The US has issued five rounds of designations of individuals and entities involved in transferring drones to Russia for use in Ukraine.

Trade Based Money Laundering

New Report Calls for Global Action to Address TBML

By Editors | 06/02/2023

Recommendations include the use of education campaigns, inter-agency task forces, beneficial ownership registries, and new technologies to assess trade pricing.

Structural Regulation

OECD Issues Guidance on Implementing Global Minimum Tax

By Editors | 06/02/2023

The guidance aims to help governments implement the 15% global minimum corporate tax in a consistent manner and reduce compliance costs for companies.