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International
Enforcement
Canada’s FINTRAC Imposes AML Penalty on TD Bank
By Mark Johnston | 03/05/2024
The $6.7mn fine is the largest-ever levied by FINTRAC. TD Bank has separately provisioned $450mn for potential US penalties.
Sanctions
US Senators Raise Concerns Over Iran’s Crypto Mining
By Editors | 03/05/2024
A letter from two US senators asks government officials about the steps being taken to address Iranian crypto mining and sanctions evasion.
Enforcement
Russian Court Cancels Part of JPMorgan Freeze Order
By Editors | 03/05/2024
The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.
Sanctions
OFAC Sanctions New Targets for Helping Hizballah Money Exchanger
By Editors | 02/05/2024
Five individuals and two entities were sanctioned for helping a previously-designated money exchanger to evade sanctions, OFAC said.
Crypto / Digital Assets
Capital Markets Regulators Committed to Innovating With Tokenisation
By Nithya Subramanian | 02/05/2024
The UK FCA’s Rupert Harrison and Thai SEC’s Kris Tontipiromya discussed their tokenisation work at the recent Digital Assets Asia 2024.
Fintech / Regtech
BIS to Develop AI Solution for Assessing Cyber Resilience
By Editors | 02/05/2024
The solution will be able to collect and analyse data to assess the cyber security and resilience maturity of a country’s financial sector.
Sanctions
US Sanctions Over 280 Targets for Supporting Russia
By Editors | 01/05/2024
The targets include companies in Azerbaijan, Belgium, China, Hong Kong, Russia, Slovakia, Turkey, the UAE, and Russia.
ESG / Sustainability
ISSB Publishes Sustainability Disclosure Taxonomy
By ESG Investor | 01/05/2024
Use of the taxonomy by companies will enable investors to search, extract and compare sustainability-related financial disclosures.
AML / KYC
Wolfsberg Group Responds to FATF Payment Transparency Consultation
By Manesh Samtani | 01/05/2024
Operators of payment market infrastructures should be brought into the scope of R.16 and ISO 20022 terminology should be adopted.
AML / KYC
US Court Sentences Binance Founder to Four Months Jail
By Editors | 01/05/2024
The sentence was below the three years requested by prosecutors and the 18 month maximum recommended under federal guidelines.
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