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Anti-Money Laundering
Limited Progress Made on Travel Rule Implementation: FATF
By Editors | 01/07/2022
Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.
Structural Regulation
GFXC Launches New Tool to Drive Adoption of FX Global Code
By Editors | 01/07/2022
The new web-based prototype tool will reduce the barriers to signing the Code and encourage adoption by more buy-side firms.
Capital Adequacy
BCBS Issues New Consultation on Banks’ Cryptoasset Exposures
By Manesh Samtani | 01/07/2022
Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.
Anti-Money Laundering
FATF Seeks Views on Improvements to Recommendation 25
By Editors | 30/06/2022
The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.
Anti-Money Laundering
EU Lawmakers Agree on AML Framework for Crypto
By Manesh Samtani | 30/06/2022
Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.
KYC & CDD
Canadian Banks Collaborate on KYC Utility Project
By Editors | 30/06/2022
The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.
Trading & Investment
FMSB Publishes Best Practices for Trading Platform Disclosures
By Editors | 30/06/2022
Trading platform arrangements should contain information about trading protocols, counterparty name disclosure, prioritisation, use of last look, and trade dispute resolution.
Sustainable Finance
ICMA Issues KPI Registry for Sustainability-Linked Bonds
By ESG Investor | 30/06/2022
ICMA has also updated its guidance and introduced clarifications to support growth of the sustainable bond market.
Nature & Biodiversity
TNFD Unveils Metrics Architecture in Second Beta Framework
By ESG Investor | 30/06/2022
There are due to be two further beta drafts to be launched ahead of the final framework’s planned publication in September 2023.
PEPs & Sanctions
G7 Nations Announce Ban on Russian Gold Imports
By Manesh Samtani | 30/06/2022
The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.
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