International

AML / KYC

Crypto Firms and Sanctions: Five Tools for Compliance

By Manesh Samtani | 12/04/2022

Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.

Big Picture

IMF Updates Climate Change Indicators Dashboard

By Editors | 12/04/2022

Major updates to the dashboard include introducing new indicators as well as updating data for the existing indicators.

AML / KYC

New York Court Convicts Ex-Goldman Exec in 1MDB Case

By Editors | 11/04/2022

Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.

Big Picture

Global Standard-setters for Audit Need More Diverse Funding

By Editors | 11/04/2022

A new paper calls for financial commitments from investors, regulators, stock exchanges, national standard-setters and auditors to support the work of international audit and ethics standard-setters.

Capital / Liquidity

Emerging Market Banks Less Resilient to Shocks: IMF

By Manesh Samtani | 08/04/2022

The IMF’s Global Bank Stress Test shows that banks can generally absorb large shocks from a capital perspective, though some in emerging markets face greater risks.

Market Infrastructure

Business Model Analysis Can Aid Bank Supervisors: BIS Paper

By Editors | 08/04/2022

BIS says BMAs help identify banks’ vulnerabilities and provide grounds for early supervisory interventions, making bank supervision more effective, proactive and forward-looking.

Fintech / Regtech

European Commission Launches Targeted Consultation on Digital Euro

By Editors | 07/04/2022

The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.

AML / KYC

US, German Authorities Target World’s Largest Darknet Market

By Manesh Samtani | 07/04/2022

OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.

Capital / Liquidity

EU Banks Seek Easing of Proposed Rules for Third Country Banks

By Editors | 07/04/2022

Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.