International

Anti-Money Laundering

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.

Anti-Money Laundering

Bring Environmental Crime Back into Policy Spotlight: World Bank

By Editors | 26/03/2024

World Bank blog post calls for increased coordination between money-laundering prevention and environmental protection agencies.

PEPs & Sanctions

OFAC Sanctions Crypto Targets Over Russia Sanctions Evasion

By Editors | 26/03/2024

The sanctioned entities either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, enabling potential sanctions evasion.

PEPs & Sanctions

US, UK Announce Sanctions Against China-based Hackers

By Editors | 26/03/2024

A front company allegedly operating for China was sanctioned, along with 2 members of hacking group APT31. DOJ unsealed criminal charges against 7 individuals.

AI Risk & Governance

BIS Launches New AI & Data Project to Gain Economic Insights

By Editors | 25/03/2024

Project Neo aims to address the loss of effectiveness in decision-making as a result of delays and a lack of detail in official macroeconomic statistics.

Fraud, Scams & Cybercrime

Montenegro Halts Do Kwon Extradition to South Korea

By Sanday Chongo Kabange | 25/03/2024

Montenegro’s top prosecutor said only the Minister of Justice can decide on extradition, not the High Court, so now the Supreme Court will weigh in.

PEPs & Sanctions

Russia Imposes New Sanctions Against 56 Canadian Citizens

By Editors | 25/03/2024

The sanctions target executives of Raytheon, Airbus, Boeing, and Rolls-Royce units in Canada, along with other companies involved in supplying weapons to Ukraine.

PEPs & Sanctions

EU Announces 35 New Sanctions Over Death of Alexei Navalny

By Editors | 25/03/2024

The targets include the two penal colonies where Navalny was held, members of the judiciary, and officials in the penitentiary system and Russia’s Ministry of Justice.

PEPs & Sanctions

EU Leaders to Advance Plans to Use Profits from Russia Assets

By Editors | 23/03/2024

Total financial contributions for Ukraine are expected to be around EUR 4.0-4.5 billion this year. Banks are concerned about legal action from Russia.