AML / KYC

NYDFS Announces $8m Settlement With Genesis Global Trading

15/01/2024

Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

Sanctions

Better Enforcement Needed on Russia-related Export Controls

15/01/2024

New report calls for coalition authorities to address the role of third-country intermediaries in export controls circumvention schemes.

Sanctions

US Sanctions HK, UAE Companies to Target Houthi Revenues

15/01/2024

OFAC also identified four vessels as blocked property for their involvement in shipping Iranian commodities on behalf of a Houthi financial facilitator.

Sanctions

Biden Administration Supports Confiscation of Russian Assets – Report

12/01/2024

There have been concerns that the seizure of Russian assets could taint the reputation of the US financial system and spark a flight from the dollar.

Sanctions

US Imposes Sanctions Targeting Transfer of DPRK Missiles to Russia

12/01/2024

Three Russian entities, one individual, and four aircraft were designated over the transfer of ballistic missiles to Russia for use against Ukraine.

AML / KYC

Singapore Police Using RPA Tech to Disrupt Scams

12/01/2024

RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.

ESG / Sustainability

Taiwan FSC Launches Dedicated Website for Sustainable Finance

12/01/2024

The new website collects information related to sustainable finance policies, statistical data, relevant regulations, evaluations, and education and training.

Enforcement

Software Giant SAP to Pay Over $220m to Resolve FCPA Violations

12/01/2024

SAP paid bribes to government officials in South Africa, Indonesia, Malawi, Kenya, Tanzania, Ghana and Azerbaijan.

Crypto / Digital Assets

MAS Grants In-principle Licence Approval to Crypto Custody Firm BitGo

12/01/2024

BitGo already obtained a New York trust charter in 2021 and a BaFin crypto custody licence in November 2023.