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Fintech / Regtech
Growth of Fintechs, Neobanks Poses Systemic Risk: IMF
By Mark Johnston | 19/04/2022
Digital banks should have to meet stronger capital, liquidity, and risk-management requirements, commensurate with their risks.
Big Picture
SBTi Offers Guidance to FIs on Setting Net Zero Targets
By Editors | 19/04/2022
SBTi’s new paper provides principles, definitions, metrics, and target formulation considerations for FIs to set quantitative net-zero targets.
AML / KYC
US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack
By Editors | 19/04/2022
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
AML / KYC
FinCEN Issues Guidance on Detecting Foreign Public Corruption
By Editors | 17/04/2022
The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.
AML / KYC
GCFFC Task Force to Drive Sanctions Compliance in Crypto
By Editors | 17/04/2022
The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.
Fintech / Regtech
PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs
By Sanday Chongo Kabange | 14/04/2022
The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.
ESG / Sustainability
Canada to Require Climate Disclosures for FIs from 2024
By Editors | 14/04/2022
The OSFI will consult financial institutions on climate disclosures guidelines that will phase in mandatory TCFD-aligned reporting beginning in 2024.
Crypto / Digital Assets
Nasdaq Publishes Guide on Global Crypto Regulation
By Editors | 14/04/2022
Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.
AML / KYC
Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto
By Editors | 14/04/2022
The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.
ESG / Sustainability
European Commission Consults on ESG Ratings Market
By Editors | 13/04/2022
The consultation will feed into an impact assessment being prepared this year to evaluate whether a policy initiative on ESG ratings is needed.
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