AML / KYC

IMF Offers New Guidance on Combatting Terrorism Financing

16/05/2023

New downloadable book presents contributions by experts from the IMF, UN, Egmont Group, INTERPOL, and Europol.

AML / KYC

Australian Banks Launch New Fraud Reporting Platform

16/05/2023

The platform streamlines communications so banks can alert each other in real time when funds have been sent to a suspected scammer’s account.

Crypto / Digital Assets

US SEC Responds to Coinbase Request for Regulatory Clarity

16/05/2023

The SEC said it has no obligation to issue the “broad new regulations” for digital assets that Coinbase has requested.

Crypto / Digital Assets

BOK, Samsung to Collaborate on Offline CBDC Payments

16/05/2023

The agreement will involve further research on a BOK-issued CBDC and collaboration in the offline payments sector.

Crypto / Digital Assets

Korean Prosecutors Seize Records from Upbit, Bithumb

16/05/2023

The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.

Crypto / Digital Assets

Tether’s Excess Stablecoin Reserves Reach All-time High

15/05/2023

Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.

Capital / Liquidity

G7 Leaders Pledge to Maintain Resilience of Global Financial System

15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.

Enforcement

Thai Couple Sentenced to 12,000+ Year Jail Term Over Ponzi Scheme

15/05/2023

Husband and wife are expected to be in prison for 20 years each, because of a law that limits total jail time.

Sanctions

OFAC Makes Structural Changes to Minimise Collateral Damage of Sanctions

15/05/2023

OFAC hired a chief sanctions economist to lead a new division that will assess the potential collateral economic effects of proposed sanctions.