International

Reporting & Disclosures

GRI, IFRS Tackle Sustainability Reporting Challenges with New Platform

By Ranamita Chakraborty | 21/11/2023

The Sustainability Innovation Lab in Singapore will support businesses in adapting to new reporting requirements, said GRI CEO Eelco van der Enden and ISSB Chair Emmanuel Faber.

PEPs & Sanctions

US Adds Indian Firm to Entity List, Highlights Export Controls on Russia

By Editors | 20/11/2023

Commerce Department accuses the firm of supplying US-origin circuits to Russian defence companies, while also targeting firms supplying US-origin airline parts to Venezuela.

Cryptocurrency

Industry Takes Tough Stance Against Unfair Trading Practices in Crypto

By Ranamita Chakraborty | 20/11/2023

Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.

Payments & Settlements

BIS Innovation Hub Unveils First Use Case for Project Mandala

By Editors | 20/11/2023

Project Mandala seeks to address disparate policy and regulatory frameworks across jurisdictions that hinder cross-border payments.

PEPs & Sanctions

OFSI Updates Sanctions Guidance to Clarify “Control Test”

By Editors | 19/11/2023

The updated guidance clarifies that political leaders are not presumed to control public bodies or private companies for the purposes of UK sanctions, in response to a recent court decision.

Anti-Money Laundering

FATF Revises Standards to Improve Asset Recovery Outcomes

By Manesh Samtani | 19/11/2023

FATF has revised its Recommendations and published a new report to promote the use of Asset Recovery Inter-Agency Networks, or ARINs.

Cloud & Infrastructure

Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper

By Manesh Samtani | 18/11/2023

Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.

Custody & Infrastructure

GBBC Announces Merger with US Blockchain Coalition

By Editors | 18/11/2023

The US Blockchain Coalition will become a national initiative of GBBC, which will have nearly 600 institutional members post-merger.

Anti-Money Laundering

FATF Updates Standards to Address Adverse Outcomes Facing NPOs

By Editors | 17/11/2023

The FATF adopted amendments to Recommendation 8 and its Interpretive Note and updated its best practices paper on combatting TF abuse of NPOs.