Climate Risk

Bank Exposures to Flood Risk Likely Compounded by Other Risks: RBNZ

27/03/2023

Bank capital ratios are resilient when each flood event is considered in isolation, but flood risk could potentially compound with other risks.

Structural Regulation

SFC Waives Annual Licensing Fees for 2023/24 Financial Year

27/03/2023

The annual licensing fees were first waived for the 2020/21 financial year for a one year period, but it has since been extended each year.

PEPs & Sanctions

OFAC Adds More Belarus Officials to Sanctions List

27/03/2023

The sanctions target Alexander Lukashenko’s presidential aircraft, two major automotive manufacturers, and election officials.

PEPs & Sanctions

New US Sanctions Target Myanmar Jet Fuel Supplies

27/03/2023

OFAC published an alert explaining the sanctions risks associated with providing jet fuel to Myanmar’s military regime.

Clearing & Post-Trade

SWIFT Pilots Blockchain Solution to Tackle Corporate Actions Frictions

27/03/2023

The solution demonstrated the potential to reduce manual effort and errors in corporate action processing and deliver operational efficiencies.

KYC & CDD

AUSTRAC Issues Guidance on Employee Due Diligence

27/03/2023

Guidance is provided on screening and re-screening employees and contractors for money laundering and terrorism financing risks.

Structural Regulation

HKEX Finalises New Listing Rules for Specialist Tech Firms

27/03/2023

HKEX has lowered the threshold for specialist tech firms to list on its exchange and made other refinements. The rules take effect from 31 March.

Liquidity Risk

US Lender PacWest Facing Lawsuit Despite Securing Lifeline

27/03/2023

Regional bank PacWest secured $1.4bn in additional liquidity via Atlas SP Partners, an investment firm launched out of Credit Suisse’s securitised-products group.

Fraud, Scams & Cybercrime

US DOJ Arrests and Charges Founder of Hacker Forum

25/03/2023

BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.