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International
Fintech / Regtech
Top Tech firms Commit to AI Safety at Seoul Summit
By Nithya Subramanian | 22/05/2024
Google, Meta, Microsoft, OpenAI and others have pledged to not develop or deploy AI models if the risks cannot be sufficiently mitigated.
Crypto / Digital Assets
Ghana Completes Cross-border eCedi Transaction With Singapore
By Nithya Subramanian | 21/05/2024
Transactions were made on a decentralised network using a Singapore dollar stablecoin and Ghana’s new digital currency, the eCedi.
ESG / Sustainability
NGFS Offers Central Banks Sustainable Investing Insights
By ESG Investor | 21/05/2024
The NGFS encourages all central banks and supervisors globally to include sustainability considerations in their portfolio management.
Sanctions
Australia, UK Join Allies in Targeting DPRK-Russia Arms Trade
By Editors | 18/05/2024
Australia targeted six entities while the UK targeted three companies and one individual for their involvement in North Korea-Russia arms trade.
AML / KYC
FATF Publishes Updated Procedures for Mutual Evaluations
By Editors | 17/05/2024
FATF will prioritise countries whose assessments are most outdated, that face higher risks and have important financial sectors.
Crypto / Digital Assets
CME Group Plans to Launch Spot Bitcoin Trading – Report
By Nithya Subramanian | 17/05/2024
Traders and fund managers say they want to buy and sell bitcoin on a regulated marketplace.
Sanctions
OFAC Sanctions Russians for Over DPRK Weapons Transfers
By Editors | 17/05/2024
Two individuals and three entities were sanctioned for facilitating weapons transfers between Russia and North Korea.
ESG / Sustainability
ICMA Proposes Draft Code for ESG Data Providers
By Manesh Samtani | 17/05/2024
The draft Code of Conduct was prepared by an ICMA-led industry working group that was sponsored by Hong Kong’s SFC.
Big Picture
Digitisation of Finance Can Create and Amplify Risks: BCBS
By Nithya Subramanian | 17/05/2024
New BCBS report offers recommendations for banks to consider to mitigate digitalisation-related risks.
Sanctions
Canada Issues First Sanctions Over Settler Violence in West Bank
By Manesh Samtani | 17/05/2024
Four individuals were sanctioned for engaging in violence and violent acts against Palestinian civilians and their property.
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