International

Anti-Money Laundering

International Operation Targeting Money Mules Yields 2,500 Arrests

By Editors | 07/12/2022

The operation involved law enforcement agencies in 25 countries including Singapore and Australia, supported by Europol, Eurojust, INTERPOL and the EBF.

Market Risk

ISDA Calls for Adjustments to IMA Default Risk Charge Under FRTB

By Editors | 06/12/2022

New paper provides analysis in support of the removal of the 3bp PD floor set by the BCBS under the internal models approach for FRTB.

Nature & Biodiversity

GRI Consults on Biodiversity Disclosure Standard

By ESG Investor | 06/12/2022

The revised GRI Biodiversity Standard will be used to inform the CDP disclosure platform, and the TNFD disclosure framework for nature-related risks.

Anti-Money Laundering

Wolfsberg Group Endorses Use of AI/ML for Financial Crime Compliance

By Manesh Samtani | 05/12/2022

New report sets out five principles that support the ethical and responsible use of artificial intelligence and machine learning in financial crime compliance.

Anti-Money Laundering

Swimming in Dirty Money: It’s Time to Dive Below the Surface

By Tom Keatinge | 05/12/2022

The failure to address the illicit finance in illegal, unreported and unregulated fishing is a glaring omission, says RUSI’s Tom Keatinge.

PEPs & Sanctions

G7 Powers Set to Implement Oil Price Cap on Russian Crude

By Editors | 04/12/2022

EU ban on seaborne crude oil imports from Russia to take effect. G7 oil price cap will only insurers to cover vessels carrying Russian crude sold under USD 60.

PEPs & Sanctions

EU Proposes to Use Russian Assets to Rebuild Ukraine

By Editors | 04/12/2022

Frozen Russian assets would be actively managed to generate a “stable and fair net return” to help fund reconstruction efforts in Ukraine.

Conduct, Culture & Accountability

IOSCO Offers Guidance to Regulators on Investor Education, Protection

By Editors | 03/12/2022

IOSCO report proposes seven sound practices for regulators to consider when designing financial and investor education initiatives, particularly during periods of crisis.

Anti-Money Laundering

FATF Calls on AML Practitioners to Target Opioids Trafficking

By Manesh Samtani | 02/12/2022

New FATF report provides risk indicators to help identify opioids trafficking, noting that FIs and DNFBPs are an “important source of information” for FIUs.