International

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    Trade Based Money Laundering

    Combatting TBML Through Beneficial Ownership and Enhanced Transparency

    By Jeremy Moller | 02/05/2023

    Jeremy Moller discusses TBML trends, indicators, and how Australia’s proposed beneficial ownership registry could help mitigate this threat.

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    Fraud, Scams & Cybercrime

    CFTC Issues Largest Ever Civil Monetary Penalty

    By Editors | 30/04/2023

    The CFTC ordered the operator of a fraudulent multilevel marketing scheme to pay a $1.7bn penalty and a further $1.7bn in restitution.

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    Trading & Investment

    Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB

    By Editors | 28/04/2023

    A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.

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    Liquidity Risk

    Credit Suisse Reveals Scale of Outflows Pre-UBS Deal

    By Manesh Samtani | 27/04/2023

    UBS is expected to record up to $57bn in profits in Q2 as a result of the deal, the largest ever banking profit recorded.

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    Sustainable Finance

    Venture Capital Firms Form New Climate Alliance

    By Editors | 27/04/2023

    A group of 23 firms has formed an alliance to develop best practices and tools for aligning early-stage investments with net zero goals.

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    Climate Risk

    UNEP FI Flags Industrials Climate Risks

    By ESG Investor | 27/04/2023

    Report says key transition risks facing the financial sector include the broadening application and ongoing increase in carbon prices.

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    Capital Adequacy

    South Korea to Participate in Global Bank Stress Test

    By Editors | 27/04/2023

    South Korea is not required to join the test as none of its banks are classified as G-SIBs, but it is nonetheless joining in order to better monitor global contagion risks.

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    Reporting & Disclosures

    IAASB Speeds up Consultation on Sustainability Assurance Standard

    By ESG Investor | 25/04/2023

    The consultation was originally scheduled to commence in October, but will now open in late July or early August this year.

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    Trading & Investment

    ARRC Allows Expanded Use of Term SOFR for Hedging

    By Editors | 25/04/2023

    Market participants can use Term SOFR in basis swap transactions even if they are not a direct party to a Term SOFR cash exposure.

    Anti-Money Laundering

    Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance

    By Manesh Samtani | 25/04/2023

    A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.

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