International

Supervision & Enforcement

China Establishes Communication Platform for Belt-and-Road Regulators

By Editors | 12/09/2023

The new communication platform was developed to enhance cross-border regulatory cooperation between countries participating in the “Belt and Road” initiative.

Sustainable Finance

BIS, CBUAE Jointly Launch Sustainable Finance TechSprint

By Editors | 12/09/2023

The Techsprint is developed by CBUAE, alongside the COP28 Presidency, the Emirates Institute of Finance and the BIS.

Cryptocurrency

G20 Endorses Crypto Regulatory Roadmap, India Unlikely to Impose Ban

By Manesh Samtani | 12/09/2023

The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.

PEPs & Sanctions

EU Issues New Guidance on Preventing Sanctions Circumvention

By Editors | 11/09/2023

If sanctioned items are exported to third countries and then re-exported to Russia, the underlying due diligence inadequacies will be considered sanctions law violations.

PEPs & Sanctions

HSBC to Halt Russia, Belarus Payments for Corporate Clients – Reports

By Editors | 11/09/2023

HSBC reportedly told customers that the sanctions and trade restrictions imposed on Russia and Belarus have made it “increasingly challenging” to operate.

Anti-Money Laundering

Fourth Former FTX Executive Pleads Guilty to US Charges

By Editors | 10/09/2023

The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.

DeFi & Web3

DeFi Unlikely to Be Used for Real-world Assets: BIS Paper

By Manesh Samtani | 10/09/2023

BIS paper examines the problems associated with oracles, which collect and disseminate data for use in DeFi smart contracts.

Fraud, Scams & Cybercrime

Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term

By Mark Johnston | 08/09/2023

The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.

Nature & Biodiversity

NGFS Publishes Conceptual Framework for Nature Risk

By Editors | 08/09/2023

The framework provides a common language to the financial system and guides action by central banks and financial supervisors.