International

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    Crypto / Digital Assets

    Terraform, Do Kwon Agree $4.6b Settlement With US SEC

    By Editors | 13/06/2024

    The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

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    Enforcement

    US Authorities Arrest Two for Illegal Russia Export Scheme

    By Editors | 13/06/2024

    The two men engaged in a scheme to covertly sell snowmobiles to Russia through an intermediary company in Hong Kong.

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    ESG / Sustainability

    BIS, MAS Develop Prototype Climate Risk Platform

    By Nithya Subramanian | 13/06/2024

    The platform uses NPL techniques to gather regulatory and climate data to help supervisors identify, monitor and manage climate risks.

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    Fintech / Regtech

    Benefits of Tokenisation Are “Overexaggerated”: WFE Paper

    By Nithya Subramanian | 13/06/2024

    The WFE says tokenisation work should continue, but that some of the benefits claimed are “overexaggerated”.

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    Sanctions

    US Expands Russia Sanctions Ahead of G7 Leaders Meeting

    By Manesh Samtani | 13/06/2024

    New sanctions target Russian financial infrastructure as well as entities in China, Hong Kong, Singapore and Thailand.

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    AML / KYC

    Russia to Dirupt FATF Plenary in Singapore, Ukraine Warns

    By Editors | 12/06/2024

    Ukraine is reportedly warning that Russia will send officials to the FATF Plenary in an attempt to “contact, influence and pressure delegates”.

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    Capital / Liquidity

    Bank Failures of 2023 Show Lack of Focus on Culture Risk

    By Manesh Samtani | 12/06/2024

    Starling Compendium says culture and conduct risk should be recognised by prudential regulators as sources of systemic risk.

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    ESG / Sustainability

    ICVCM Unveils “High-integrity” Carbon Credits

    By ESG Investor | 11/06/2024

    ICVCM approved seven carbon-crediting methodologies that meet its high-integrity core carbon principles.

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    ESG / Sustainability

    ESMA Tackles Greenwashing with New Tool

    By ESG Investor | 10/06/2024

    The EU watchdog plans to ramp up scrutiny of sustainable financial products, warning providers not to make “unsubstantiated” claims.

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    Sanctions

    OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments

    By Editors | 10/06/2024

    The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.

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