Sanctions

AML / KYC

UK: Most Crypto Firms Simply Withdrew Their FCA Applications

By Mark Johnston | 26/07/2022

The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.

AML / KYC

UK Requires Crypto Firms to Report Sanctions Breaches

By Editors | 26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Premium Content

Panel 2: Disrupted Trade: Supply Chains, Global Security, and Money Laundering

By Editors | 25/07/2022

This panel discusses the pressures supply chains are under due to trade restrictions, sanctions, and pandemic-related disruptions.

Premium Content

Panel 1: Redefining Risk: Sanctions and the Global Battle Against State-Backed Bad Actors

By Editors | 25/07/2022

This panel will discuss opportunities this presents to crack down on corruption and illicit financial flows, as the global tide turns against kleptocracy.

AML / KYC

Russia Creates Hurdles for Foreign Banks Trying to Exit

By Manesh Samtani | 24/07/2022

Societe Generale is the only major bank that has exited Russia so far. HSBC has struck a deal to sell its Russian business but will need regulatory approval.

Capital / Liquidity

Korea, US Agree to Cooperate to Stabilise Currency Markets

By Editors | 19/07/2022

Korean and US officials have not explicitly agreed to reopen a currency swap line which expired at the end of last year.

AML / KYC

BSP Issues Guidance on Conducting AML/CFT Risk Assessments

By Editors | 18/07/2022

The findings from institutional risk assessments should be used to enhance AML/CFT/CPF/sanctions compliance programmes and made available to the BSP during examinations.

AML / KYC

How North Korean Cryptocurrency Abuse Is Expanding

By Sasha Erskine | 18/07/2022

Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.

AML / KYC

Sanctions Over-Compliance Causes Human Rights Violations: UN Expert

By Editors | 18/07/2022

UN Special Rapporteur Alena Douhan says governments and FIs should be doing more to ensure over-compliance with sanctions does not negatively impact human rights.