AML / KYC

UK Crypto Fraud Increased 32pc Over One Year Period

30/11/2022

UK police unit Action Fraud said crypto-related fraud losses from October 2021 to September 2022 amounted to $270mn.

AML / KYC

EU to Gain Legal Authority to Punish Sanctions Circumvention

30/11/2022

The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.

AML / KYC

OFAC Fines Crypto Firm Kraken for Iran Sanctions Violations

30/11/2022

Kraken was facing a maximum fine of over $272mn. The $362,000 settlement reflects OFAC’s determination the violations were “non-egregious and voluntarily self-disclosed”.

AML / KYC

Singapore Police Launch Probe into Crypto Lender Hodlnaut

29/11/2022

The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.

AML / KYC

Turkish Authorities Seize FTX Assets Amid Criminal Probe

29/11/2022

Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.

Capital / Liquidity

ECB to Impose Capital Charges for Leveraged Finance Risk – Report

29/11/2022

The ECB is reportedly planning to impose higher capital requirements on banks to address risk in their leveraged finance businesses.

Crypto / Digital Assets

Crypto Lender BlockFi Follows FTX Into Bankruptcy

29/11/2022

BlockFi said its liquidity crisis was due to its exposure to FTX as well as cryptocurrencies held on FTX’s platform that became trapped.

ESG / Sustainability

SGX to Help Investors Identify Bonds Meeting Sustainability Standards

29/11/2022

Issuers that meet certain recognised standards will be able to use an ‘SGX Sustainable Fixed Income’ mark to identify their securities.

Securities / Derivatives

HKEX Launches Options on Hang Seng TECH Index Futures

29/11/2022

The new contract and other enhancements to Hang Seng TECH Index derivatives suite will provide global investors more choice and flexibility, said HKEX’s Wilfred Yiu.