INTERNATIONAL

AML / KYC

Addressing Non-Latin Script Challenges in Name Screening and AML

By Bradley Maclean | 31/10/2024

As global financial crime becomes more complex, companies like Aereve are pioneering technologies to reduce false positives, enhance compliance, and mitigate risks.

Sanctions

India, Malaysia Supplying Nvidia AI Chips to Russia – Report

By Editors | 30/10/2024

An Indian company reportedly exported advanced Dell servers with high-end Nvidia processors to Russia between April to August 2024.

Crypto / Digital Assets

BIS and APAC Central Banks Release Results of Project Mandala

By Sanday Chongo Kabange | 29/10/2024

Project Mandala demonstrated that jurisdiction-specific regulatory requirements can be embedded in cross-border transaction protocols.

Big Picture

Banks, Central Banks Expect Tokenised Assets to “Leapfrog” in Asia

By Georgina Lee | 28/10/2024

Banks are actively exploring tokenisation use cases in Asia, saying the region has greater potential for the technology than Western countries.

Sanctions

Russia’s State Duma Ratifies Defence Treaty with North Korea

By Editors | 27/10/2024

The ratification comes as the US confirmed South Korean intelligence that thousands of North Korean troops have been deployed to Russia for training.

ESG / Sustainability

IAIS Published Strategic Plan for 2025-2029

By Mark Johnston | 27/10/2024

The strategic plan focuses on climate change, digital innovation, cyber risks, and building societal resilience.

AML / KYC

FATF Plenary Adds Four Countries, Removes One from Grey List

By Manesh Samtani | 27/10/2024

The FATF also revised its national ML risk assessment guidance, agreed to consult on revisions to support financial inclusion, and launched three new projects.

Sanctions

BRICS Nations Agree to Continue Working on Cross-Border Payments

By Manesh Samtani | 27/10/2024

Russia has proposed an alternative platform for international payments, but few practical steps have been taken so far towards implementation.

Big Picture

IMF Warns Against Complacency Amid Geopolitical Uncertainty

By Thisanka Siripala | 26/10/2024

Market complacency could lead to an underestimation of risks and increase the chance of sudden surges in volatility and sudden shocks.