Anti-Money Laundering

FATF Joins UN Counter-Terrorism Coordination Compact

14/06/2022

Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.

Custody & Infrastructure

Russia Launches Blockchain-Based Alternative to SWIFT

14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

Structural Regulation

MAS, IFC, UNDP Launch Global MSME Empowerment Programme

14/06/2022

The programme will seek to help MSMEs build financial literacy and digital skillsets, address financing gaps and improve financial inclusion.

Reporting & Disclosures

US SEC Probes Goldman Sachs for Suspected Greenwashing

14/06/2022

The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.

Conduct, Culture & Accountability

UK FCA Places Credit Suisse on Regulatory Watchlist

14/06/2022

Credit Suisse was added to the FCA’s watchlist due to concerns that it was not doing enough to improve its culture, governance and risk controls.

Anti-Money Laundering

FATF Re-rates UK for Progress on Correspondent Banking

14/06/2022

The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.

Cryptocurrency

Australia: New Govt to Push Ahead with BNPL, Crypto Regulation

14/06/2022

The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.

Trading & Investment

TAIFEX to Launch Semiconductor, Logistics Futures

14/06/2022

The new contracts are a response to heightened market demand for industry-specific risk management tools, TAIFEX says.

Payments & Settlements

RBI to Allow Credit Cards to Link to UPI System

14/06/2022

Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.