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International
Fraud, Scams & Cybercrime
HK ADCC Prevented Nearly HK$12bn of Fraud Losses in Six Years
By Mark Johnston | 22/07/2023
HK’s Anti-Deception Coordination Centre has prevented HKD 11.79 billion from falling into the hands of fraudsters since the unit was set up about six years ago.
PEPs & Sanctions
Western Allies Announce New Sanctions to Deter Russia
By Manesh Samtani | 21/07/2023
US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.
Structural Regulation
OECD Proposes Common Approach for Real Estate Information Exchange
By Ranamita Chakraborty | 20/07/2023
OECD recently submitted an updated report analysing the current state of tax transparency regarding foreign-owned real estate and made several recommendations.
ESG Data
EBA to Collect Ad Hoc ESG Data for Risk Monitoring
By Ranamita Chakraborty | 20/07/2023
By analysing and reviewing the ESG data, the European Banking Authority (EBA) along with European central banks and financial regulators will be able to monitor ESG risks more effectively.
Structural Regulation
EU Commission Seeks to Further Extend Transition Period for Third-country Benchmarks
By Manesh Samtani | 20/07/2023
The European Commission says the extension is necessary to avoid destabilising the asset management sector and financial stability risks.
AI Risk & Governance
AI Regulatory Sandboxes Need Cooperation and Expertise: OECD
By Ranamita Chakraborty | 19/07/2023
A recent OECD report on AI regulatory sandboxes highlights important policy considerations that emphasises the need to build AI regulatory expertise and interdisciplinary cooperation.
Cryptocurrency
Industry Working Group Opens Consultation on IVMS101 Enhancements
By Editors | 18/07/2023
The working group was formed in April and has met five times since to consider and approve revisions to the IVMS101 standard.
AI Risk & Governance
UNSC Hosts First-Ever Session on Artificial Intelligence
By Editors | 18/07/2023
UK Foreign Secretary James Cleverly called for urgent international cooperation in shaping the governance of AI.
Sustainable Finance
China Aligns 193 Outstanding Green Bonds against Common Ground Taxonomy
By Ranamita Chakraborty | 18/07/2023
The Common Ground Taxonomy provides a comprehensive mapping and comparison analytical tool between the EU and China’s green finance taxonomies, specifically covering activities that help combat climate change.
Reporting & Disclosures
GRI May Merge with ISSB, Says CEO
By ESG Investor | 18/07/2023
Jurisdictions urged to avoid misalignment when integrating ISSB standards to avoid investor confusion and aid decision-making.
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