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United States
Sustainable Finance
Asia Wakes Up to Blue Finance Regulation
By David Green | 14/11/2023
Blue finance regulatory frameworks are starting to make ripples as the ocean cause expands its reach to Asia.
Clearing & Post-Trade
Japan FSA Grants QCCP Recognition to TAIFEX
By Manesh Samtani | 13/11/2023
The QCCP recognition will enable Japanese financial institutions to participate in central clearing of OTC derivatives in Taiwan.
Anti-Money Laundering
US Fed Probing Morgan Stanley AML Controls – Report
By Editors | 12/11/2023
The Fed is reported to be assessing whether Morgan Stanley has sufficient controls in place to prevent wealthy foreign customers from laundering money.
Fraud, Scams & Cybercrime
US Unit of China’s ICBC Suffers Ransomware Attack
By Editors | 10/11/2023
The attack disrupted some of ICBC’s systems and left some trades in the US Treasury and equity markets unable to settle.
Fraud, Scams & Cybercrime
US Prosecutors Secure Guilty Plea from OneCoin Executive
By Mark Johnston | 10/11/2023
Irina Dilkinska was in charge of compliance at OneCoin, a global crypto scam that lured investors with false promises of high returns.
Market Data & Technology
DTCC Opens Access to OTC Derivatives Market Data
By Editors | 09/11/2023
“OTC Direct Connect” allows market participants to access OTC derivatives transaction data that are reportable in the US and Canada.
Structural Regulation
US Adds Vietnam to FX Monitoring List, Removes Korea
By Editors | 09/11/2023
US Treasury is monitoring the currency practices and macroeconomic policies of six trading partners, including China, Malaysia, Singapore, and Taiwan.
KYC & CDD
FinCEN Finalises Rule on Use of FinCEN Identifiers in BOI Reporting
By Editors | 08/11/2023
Beneficial owners of numerous reporting companies would be able to use FinCEN identifiers to simplify the reporting process and for data security purposes.
PEPs & Sanctions
New York State Fines Payments Company for Weak Sanctions Controls
By Editors | 07/11/2023
Payoneer settles with New York State for USD 1.2 million for compliance failings after paying OFAC USD 1.4 million in 2021.
PEPs & Sanctions
US Government Tells Banks to Watch for Signs of Export Controls Evasion
By Editors | 07/11/2023
Latest BIS-FinCEN alert introduces a new filing code for suspicious activity reports related to suspected export controls evasion.
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