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International
FSB Chair Klaas Knot Warns Against Complacency in Final Address
By Thisanka Siripala | 19/06/2025
Klaas Knot warned that easing banking regulations would be a “big mistake” that would increase the likelihood of financial crises.
Enforcement
Unicat to Pay $3.88m for Violating Iran and Venezuela Sanctions
By Thisanka Siripala | 19/06/2025
The former CEO knowingly approved exports to Iran, using offshore affiliates in the Netherlands and China to mask the transactions.
Big Picture
Banking Sector Reports Fall in Operational Risk for 2024: ORX
By Editors | 18/06/2025
ORX report shows banking sector operational risk losses down in 2024, but external fraud and digitalisation trends warrant attention.
AML / KYC
FATF Publishes Updated R.16 Standard on Payment Transparency
By Manesh Samtani | 18/06/2025
The FATF said the will help combat fraud and illicit finance, balancing security with innovation and financial inclusion.
Sanctions
Australia, UK, EU and Canada Tighten Sanctions on Russia
By Manesh Samtani | 18/06/2025
The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.
ESG / Sustainability
Tensions Flare Over US Climate Stance at FSB Meeting – Report
By Manesh Samtani | 18/06/2025
Disagreement over the urgency of climate-related financial risks sparked heated debate among global regulators in Madrid.
Big Picture
WFE Issues Guidance on Transitioning to T+1 Settlement Cycles
By Nithya Subramanian | 17/06/2025
The guidance identifies lessons learned and key considerations for a successful transition to a T+1 settlement cycle.
Big Picture
WFE Issues Guidance on Transitioning to T+1 Settlement Cycle
By Nithya Subramanian | 17/06/2025
The guidance identifies lessons learned and key considerations for a successful transition to a T+1 settlement cycle.
AML / KYC
FATF Approves New Transparency Standards for Cross-Border Payments
By Manesh Samtani | 16/06/2025
The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.
Big Picture
BIS Survey Finds Supervisory Use of GenAI Still at Early Stage
By Thisanka Siripala | 16/06/2025
Outdated IT systems, data security concerns, and limited technical expertise are slowing adoption of GenAI at supervisory bodies.
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