INTERNATIONAL

AML / KYC

US, Germany Take Down Illicit Crypto Platform Cryptonator

By Editors | 08/08/2024

Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.

AML / KYC

The Case for Change: Leveraging GenAI in Anti-Financial Crime

By Bradley Maclean | 07/08/2024

GenAI’s emergence will revolutionise financial crime prevention, but a balanced approach that includes strict oversight will be key to maximising its benefits.

ESG / Sustainability

SBTi Proposes Stricter Scope 3 Target Standards

By ESG Investor | 06/08/2024

Value chain emissions have been considered too hard to deal with by many companies, but that needs to change, says the SBTi.

ESG / Sustainability

IFRS Foundation Issues Guidance on Digital Financial Reporting

By Ranamita Chakraborty | 06/08/2024

IFRS Foundation provides guidance to regulators on implementing digital taxonomies for digital financial reporting.

Securities / Derivatives

Saudi PIF Signs Investment Agreements with Six Chinese FIs

By Nithya Subramanian | 06/08/2024

The investment agreements totaling USD 50 billion aim to encourage two-way capital flows through both debt and equity.

Enforcement

Switzerland Announces $152mn Penalty Order Against Glencore

By Editors | 06/08/2024

The penalty order resolves a four-year criminal investigation into Glencore by Swiss and Dutch authorities.

Crypto / Digital Assets

Ripple Integrates Tokenised US Treasury Bills on XRP Ledger

By Ranamita Chakraborty | 04/08/2024

Ripple established a partnership with Singapore-based OpenEden to integrate tokenised T-bills on the XRP Ledger.

ESG / Sustainability

GRI and TNFD Publish Guidance for Biodiversity Reporting

By ESG Investor | 04/08/2024

The guidance will help GRI reporters align with the TNFD recommendations and assist TNFD adopters in aligning with the GRI standards.

Enforcement

UK SFO Charges Ex-Glencore Employees Over Bribery Scheme

By Editors | 03/08/2024

Five former Glencore employees are charged with conspiring to make corrupt payments to benefit the company’s oil operations in West Africa.