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Fintech / Regtech
Dubai Establishes New Law, Regulator for Crypto Assets
By Mark Johnston | 16/03/2022
The new law comes as crypto firms in the UAE receive streams of requests from sanctioned Russians to liquidate billions of dollars of crypto assets.
AML / KYC
INTERPOL Launches Financial Crime and Anti-Corruption Centre
By Editors | 16/03/2022
The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.
AML / KYC
G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes
By Editors | 13/03/2022
US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.
Fintech / Regtech
Japan Crypto Industry Set to Adopt Travel Rule
By Editors | 13/03/2022
The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.
AML / KYC
BIS Suspends Russian Central Bank as UK Adds More Sanctions
By Manesh Samtani | 11/03/2022
UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.
AML / KYC
Singapore Court Imposes 9 Year Jail Sentence for IRAS Fraud
By Editors | 10/03/2022
230 companies, mostly dormant and shell companies, were used to submit 400 fraudulent applications claiming tax breaks.
AML / KYC
Philippine AMLC Extends Deadline for DNFBP AML Programmes
By Editors | 10/03/2022
The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.
AML / KYC
US President Calls for Comprehensive Approach to Digital Assets
By Editors | 10/03/2022
The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.
AML / KYC
Russia Warns of “Swift” Response to US Energy Import Ban
By Manesh Samtani | 10/03/2022
EU adds 160 names to sanctions list, extends SWIFT ban to Belarus; New Zealand passes Russia Sanctions Bill. Fitch projects “imminent” sovereign default.
AML / KYC
US Ramps Up Russia Pressure With Energy Import Ban
By Manesh Samtani | 09/03/2022
Russian energy will no longer be accepted at US ports and will be phased out in the UK and EU. New sanctions imposed by APAC jurisdictions.
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