International

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    Crypto / Digital Assets

    NBFI Vulnerabilities Remain Largely Unaddressed, Warns FSB

    By Manesh Samtani | 22/07/2024

    The global financial system remains susceptible to further shocks, the FSB says, calling for faster implementation of reforms to address NBFI vulnerabilities.

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    Sanctions

    UK Publishes Briefing on Third Countries Helping Russia

    By Manesh Samtani | 22/07/2024

    The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.

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    Fintech / Regtech

    Global IT Outage: ‘Significant Number’ of Affected Devices Back Online

    By Manesh Samtani | 22/07/2024

    NAB, CBA, SGX, LSE, Amex, Barclays, Macquarie Capital, and TD Bank were among those impacted, along with some Indian and Philippine banks.

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    AML / KYC

    Singapore Says Jho Low Red Notice Remains in Effect

    By Nithya Subramanian | 22/07/2024

    Jho Low’s civil settlement with the US DOJ has “no bearing” on criminal investigations against him and his associates in Singapore.

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    Sanctions

    OFAC Sanctions Two Members of the ‘Cyber Army of Russia’

    By Editors | 21/07/2024

    Two Russian nationals separately pleaded guilty to participating in LockBit ransomware attacks, the DOJ announced separately.

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    Market Infrastructure

    FMSB Drafts Standard for Sharing Standard Settlement Instructions

    By Editors | 20/07/2024

    The draft standard aims to increase the adoption of electronic solutions for sharing SSIs and address errors and inefficiencies in current processes.

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    Sanctions

    OFAC Announces More Sanctions Targeting Houthi Funding

    By Editors | 20/07/2024

    The targets include individuals and companies based in Indonesia, Malaysia, Singapore, China, and the UAE, along with five vessels.

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    Crypto / Digital Assets

    ANNA, DTIF to Streamline Digital Asset Regulatory Reporting

    By Editors | 19/07/2024

    ANNA and DTIF will work to integrate DTIs and ISINs in KYAX’s reporting tool to simplify compliance with reporting requirements under MiCA and EMIR Refit.

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    Fintech / Regtech

    FIA Issues Best Practices on Managing Automated Trading Risks

    By Editors | 19/07/2024

    New paper outlines practices on pre-trade risk management, exchange volatility control mechanisms, post-trade analysis and testing, among other areas.

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    Sanctions

    China, Russia Exploring New Ways to Address Payment Problems

    By Editors | 19/07/2024

    A Chinese official said financial institutions from the two countries are exploring the possibility of cooperating using the Mir payment system.

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