International

AML / KYC

US Imposes Sanctions Against ‘Breakaway’ Regions in Ukraine

By Editors | 22/02/2022

The sanctions come after Russian President Vladimir Putin signed a decree recognising two regions in eastern Ukraine as independent.

AML / KYC

Tax Justice Network: Measures to Address Complex Ownership

By Manesh Samtani | 21/02/2022

Countries should ‘name and shame’ companies with highly complex ownership structures and consider forcing ‘too complex to fail’ companies to simplify.

AML / KYC

Suisse Secrets: Data Leak Reveals Criminals Clients at Swiss Bank

By Manesh Samtani | 21/02/2022

The data unearthed evidence that Credit Suisse accounts were used by clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.

Fintech / Regtech

Singapore Continues Work to Bolster Digital Banking Security

By Darien Choong | 18/02/2022

New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.

AML / KYC

18 Crypto Exchanges Jointly Launch Travel Rule Solution

By Editors | 18/02/2022

The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.

Market Infrastructure

FSB Updates G20 on 2022 Priorities, Including Work on Crypto-assets

By Manesh Samtani | 17/02/2022

The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.

AML / KYC

A Radical Re-think of Financial Crime Compliance

By Kelvin Toh | 17/02/2022

A fundamental rethink of FCC is needed to move away from tick-box compliance and ensure greater focus on effectiveness and outcomes, says Kelvin Toh.

Fintech / Regtech

Crypto-related Financial Stability Risks are Increasing: FSB

By Manesh Samtani | 16/02/2022

Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.

Market Infrastructure

UBS, StanChart, BNP Sign On to Join VCM Initiative

By Editors | 16/02/2022

The initiative, now known as Carbonplace, will seek to develop infrastructure to facilitate reliable, secure, and scalable trading of high-integrity carbon credits.