Anti-Money Laundering

Panel 7: Financial Crime and Due Diligence in the Era of Sustainability

26/07/2022

This panel explores approaches to detecting environmental crime through increased emphasis on financial flows and cross-sectoral collaboration.

Anti-Bribery & Corruption

Panel 8: Know Your Third Party: Mitigating Corruption and Bribery Risk

26/07/2022

This panel discusses the policies, third party due diligence procedures, and incentive structures banks should have in place to detect and prevent bribery and corruption risks.

Cryptocurrency

WEF Consortium Assesses Macro Impact of Crypto, Stablecoins

26/07/2022

Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.

KYC & CDD

Panel 3: Rising Expectations: KYC, Ongoing Monitoring, Name Screening

26/07/2022

This panel will discuss the measures financial institutions are taking to better manage customer risk through KYC, monitoring and screening processes.

PEPs & Sanctions

UK Requires Crypto Firms to Report Sanctions Breaches

26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Fraud, Scams & Cybercrime

Korea: Terra Investigators Seize Records from Crypto Firms

26/07/2022

Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.

Resolution & Recovery

HKMA Finalises Guidance on Resolution Planning Expectations

26/07/2022

Resolution planning work will be prioritised for D-SIBs and other locally incorporated banks with total consolidated assets of more than HKD 150 billion.

Payments & Settlements

China Expands FX Management Autonomy for Multinational Firms

26/07/2022

The PBOC and SAFE have expanded a pilot programme that allows multinational companies to pool domestic and foreign currency funds.

Data Privacy

China to Standardise Data Transmission by Securities Firms

26/07/2022

Many securities firms are still using manual processes to transmit data used by fund custodians, managers and fund service institutions for valuation and accounting purposes.