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Sustainable Finance
Philippine SEC Issues Draft Rules for SRI Funds
By Mark Johnston | 25/01/2022
To qualify as an SRI fund, an investment company must have at least 70 percent of its NAV allotted to ESG investments.
Anti-Money Laundering
FinCEN to Allow FIs to Share SARs with Foreign Affiliates
By Editors | 25/01/2022
A limited-duration pilot programme would permit FIs to share SARs and information related to SARs with foreign branches, subsidiaries, and affiliates.
Cryptocurrency
US May Soon Unveil Regulatory Approach for Crypto – Report
By Manesh Samtani | 24/01/2022
A government-wide strategy for digital assets may be released in a White House executive order as early as next month.
Conduct, Culture & Accountability
BSP Calls for Passage of New Financial Consumer Protection Act
By Mark Johnston | 24/01/2022
The Act establishes stronger protection standards for consumers, promotes transparent and responsible pricing, and give regulators more teeth.
PEPs & Sanctions
OFAC Sanctions Ukrainian Nationals Identified as “FSB Pawns”
By Manesh Samtani | 23/01/2022
The action is separate from the “broad range of high impact measures” the US and its allies may impose if Russia invades Ukraine.
Fraud, Scams & Cybercrime
Russia Says REvil Hacking Group Has Been Dismantled
By Sanday Chongo Kabange | 18/01/2022
Russia’s intelligence bureau raided 25 properties, detained 14 individuals, and seized cash, cryptocurrency and luxury vehicles.
PEPs & Sanctions
US Issues Sanctions Over DPRK Ballistic Missile Launches
By Editors | 18/01/2022
The sanctions target six North Koreans, one Russian and a Russian firm were responsible for procuring goods for North Korean weapons programmes.
Fraud, Scams & Cybercrime
Crime Becoming Smaller Part of Crypto Ecosystem: Report
By Manesh Samtani | 17/01/2022
Chainalysis estimates that illicit wallet addresses received $14bn throughout 2021, but this represented just 0.15% of total transaction volumes in crypto during the year.
Trading & Investment
Thai Stock Exchange Unveils Three-Year Strategic Plan
By Mark Johnston | 14/01/2022
The SET will launch a new exchange for fundraising by SMEs and startups within in Q1, and a new digital asset exchange in Q3.
PEPs & Sanctions
OFAC Fines HK Unit of Japanese Conglomerate Sojitz
By Editors | 13/01/2022
Trading in Iran-origin goods was carried out without the knowledge of senior management by employees who omitted information from documentation.
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