International

Cryptocurrency

BCBS Paper Warns of Risks in Permissionless DLT Systems

By Manesh Samtani | 30/08/2024

New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.

Data Privacy

EU, China Launch Formal Discussions on Cross-border Data

By Editors | 29/08/2024

The discussions seek to find ways for EU businesses to receive non-personal data from China without breaking the country’s data laws.

Anti-Money Laundering

NYDFS Fines Nordea Bank $35mn for AML Failures

By Editors | 29/08/2024

NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

Data Privacy

Europol, New Zealand Can Share Personal Data to Combat Crime

By Ranamita Chakraborty | 29/08/2024

A new agreement has entered into force that allows Europol and New Zealand authorities to exchange personal data to combat crime.

PEPs & Sanctions

US Sanctions Israeli NGO and Civilian Security Officer

By Editors | 29/08/2024

The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.

Cryptocurrency

Russia Set to Start Testing Crypto in International Payments

By Editors | 29/08/2024

The trials will commence in September. If successful, Russia may allow the Moscow Exchange to set up crypto platforms next year.

Cryptocurrency

CME to Launch Weekly Bitcoin Futures on 30 September

By Editors | 29/08/2024

The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

Fraud, Scams & Cybercrime

Swiss Court Sentences Two to Jail for Defrauding 1MDB

By Manesh Samtani | 29/08/2024

Two executives of an oil exploration company known as PetroSaudi were sentenced for defrauding 1MDB out of more than $1.8bn.

Fraud, Scams & Cybercrime

French Prosecutors File Charges Against Telegram CEO

By Editors | 28/08/2024

A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.