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INTERNATIONAL
AML / KYC
FATF Should Recognise ‘Alternative Measures’ to Promote Inclusion
By Manesh Samtani | 09/12/2024
The Wolfsberg Group says the FATF standards should explicitly recognise and encourage “alternative measures” such as limited-purpose account types and tailored monitoring.
Crypto / Digital Assets
Sifma Releases Findings from Regulated Settlement Network PoC
By Editors | 09/12/2024
The findings demonstrated the potential of shared ledger technology to settle tokenised money and securities and address current inefficiencies and operational risks.
ESG / Sustainability
PCAF to Refine Methodologies for Reporting Financed Emissions
By ESG Investor | 08/12/2024
PCAF is consulting until 28 February 2025 on new methodologies for the global GHG accounting and reporting standard.
Capital / Liquidity
FSB Outlines 2024 Progress on Resolution-related Work
By Manesh Samtani | 07/12/2024
In 2024, a new global standard for CCP resolution was finalised. The FSB has published its first list of insurers subject to resolution planning standards.
Enforcement
DOJ Settles With McKinsey Over South Africa Bribery Scheme
By Nithya Subramanian | 06/12/2024
McKinsey will pay $122mn to resolve an investigation into bribes paid to South African officials to secure lucrative consulting contracts.
ESG / Sustainability
NZAOA Backs Mandatory Disclosure of Scope 3 Emissions
By ESG Investor | 06/12/2024
The UN-convened Net Zero Asset Owner Alliance said regulators should mandate corporate Scope 3 reporting and provide more guidance.
AML / KYC
Canada’s FINTRAC Signs AML/CFT MoU with US Regulators
By Thisanka Siripala | 06/12/2024
The MoU will facilitate information exchange, best practice sharing, and coordination on illicit finance risks that affect both the Canadian and US financial systems.
Capital / Liquidity
IAIS Adopts Global Capital Standard for Insurance Industry
By Editors | 06/12/2024
The standard provides a risk-based measure of capital adequacy for internationally active insurance groups to ensure they can withstand potential stresses.
Big Picture
BIS Paper Examines Choice Between Retail CBDC, FPS, or Both
By Editors | 05/12/2024
The choice depends on the market features, ecosystem, and degree of maturity and innovation of existing payment infrastructures in a country.
AML / KYC
US, UK Target Major Russian Sanctions Evasion Network
By Editors | 05/12/2024
OFAC sanctioned five individuals and five entities associated with the network. The NCA said 84 arrests have been made and $25mn has been seized.
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