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Reporting & Disclosures
Mandatory Disclosure Needed to Address “Persistent” GHG Reporting Gap
By ESG Investor | 09/05/2022
FTSE Russell paper reveals wide variations across countries, sectors and company size for Scope 1 and 2 emissions.
PEPs & Sanctions
OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses
By Editors | 09/05/2022
Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.
PEPs & Sanctions
US, UK Include Professional Services in New Russia Sanctions
By Manesh Samtani | 09/05/2022
New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
Structural Regulation
US-China Talks on Audit Cooperation in ‘Late Stage’ – Reports
By Darien Choong | 08/05/2022
The talks are described as “late stage” due to concessions made by the CSRC. The SEC has added over 80 more companies to a list of Chinese firms that could be delisted in New York.
Anti-Money Laundering
US Court Orders BitMEX Co-Founders to Pay $30m in Fines
By Editors | 08/05/2022
The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.
Data Privacy
Thai Regulators to Cooperate on Personal Data Protection
By Mark Johnston | 08/05/2022
Thailand’s banking, securities, insurance and data protection authorities have signed a supervisory cooperation MoU ahead of the 1 June implementation of the new PDPA.
Liquidity Risk
RBI Surprises Market with Interest Rate Hike
By Editors | 06/05/2022
The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.
KYC & CDD
NYDFS Issues Guidance Recommending Use of Blockchain Analytics
By Editors | 05/05/2022
The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.
Market Risk
US Fed Announces Biggest Rate Increase Since 2000
By Editors | 05/05/2022
The Federal Reserve has also outlined plans to shrink its USD 9 trillion balance sheet in phases, starting in June.
Cryptocurrency
US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber
By Editors | 05/05/2022
The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.
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