International

    AML / KYC

    Darkweb Blockchain Analytics Tool Gets Shut Down

    By Ranamita Chakraborty | 19/08/2021

    A service that was being used by criminals to check whether their own bitcoin wallets were linked to criminal activity has been shut down.

    Big Picture

    OECD Offers Policy Advice for Regulating AI in Financial Services

    By Manesh Samtani | 17/08/2021

    Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.

    Big Picture

    ETF Structure Proved Resilient to Market Stress: IOSCO

    By Ranamita Chakraborty | 15/08/2021

    An IOSCO study has helped to “alleviate concerns” about possible financial stability risks or fragilities relating to the ETF structure.

    ESG / Sustainability

    SBTi Issues Climate Target-Setting Guidance for Private Equity

    By ESG Investor | 13/08/2021

    Public consultation re-emphasises importance of financial institutions transitioning to net zero alongside corporates.

    Crypto / Digital Assets

    Poly Network Hackers Return Almost All of Stolen Funds

    By Sanday Chongo Kabange | 13/08/2021

    Hackers have returned nearly all of the USD 613 million worth of digital tokens stolen on Tuesday, says Poly Network.

    Market Infrastructure

    Refinitiv Launches Prototype USD Fallback Rates for Cash Products

    By Editors | 13/08/2021

    There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.

    Big Picture

    IPCC Reaction: Political Leadership Needed to Drive Transition

    By ESG Investor | 12/08/2021

    “Concrete and actionable carbon-reduction strategies” required from governments to drive capital reallocations, say investors, while reinforcing commitment to science-based targets.

    AML / KYC

    BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches

    By Editors | 12/08/2021

    BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.

    Market Infrastructure

    DSB Signs MoU on UPI Governance Arrangements

    By Editors | 12/08/2021

    The Derivatives Service Bureau and Regulatory Oversight Committee will cooperate to enshrine governance and oversight arrangements in the UPI service.

    AML / KYC

    DeFi Accounts for Majority of Crypto Hacks, Frauds in 2021

    By Sanday Chongo Kabange | 11/08/2021

    In H1 2021, DeFi accounted for 76% of major crypto hack volume and 54% of major crypto fraud volume, according to CipherTrace.

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