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AML / KYC
FATF Calls on AML Practitioners to Target Opioids Trafficking
By Manesh Samtani | 02/12/2022
New FATF report provides risk indicators to help identify opioids trafficking, noting that FIs and DNFBPs are an “important source of information” for FIUs.
Crypto / Digital Assets
DTCC Publishes Findings from Experimental CBDC Work
By Editors | 02/12/2022
The prototype developed was able to connect two distinct asset networks to enable “secure, resilient, and efficient security settlement with CBDC.”
HSBC to Sell Canadian Unit to RBC for $10b
By Editors | 30/11/2022
The deal is expected to complete in late 2023. HSBC said its group strategy remains unchanged.
ESG / Sustainability
TCFD Disclosures Not Delivering Decision-Useful Information
By ESG Investor | 30/11/2022
While the number of companies producing climate-related disclosures is increasing, less than half are including decision-useful information, says Manifest Climate.
Crypto / Digital Assets
More Than 500 Banks Have Now Adopted ‘Swift Go’
By Editors | 30/11/2022
Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
AML / KYC
GLEIF Enables LEI Mapping for S&P Global Company IDs
By Editors | 30/11/2022
GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.
Market Infrastructure
CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs
By Editors | 30/11/2022
Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
Capital / Liquidity
BCBS Warns of Risks from Bank Exposures to Leveraged NBFIs
By Editors | 30/11/2022
Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.
Crypto / Digital Assets
IOSCO to Develop Regulatory Guidance for Crypto Market
By Editors | 30/11/2022
IOSCO chair Jean-Paul Servais said new standards for regulating “crypto conglomerates” are an “obvious necessity.”
AML / KYC
Turkish Authorities Seize FTX Assets Amid Criminal Probe
By Editors | 29/11/2022
Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.
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