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International
Anti-Money Laundering
Nigeria Detains Binance Execs After Inviting Them for Dialogue
By Mark Johnston | 13/03/2024
Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.
Custody & Infrastructure
Major FIs Conclude Blockchain Pilot on Canton Network
By Editors | 13/03/2024
Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.
Anti-Money Laundering
BRICS Establishes Council for Combating Money Laundering
By Editors | 13/03/2024
The BRICS nations also plan to create an organisation to fight money laundering and terrorist financing similar to the FATF.
PEPs & Sanctions
Russia Moves Ahead With Plan to Unblock Foreign-Listed Shares
By Editors | 13/03/2024
Under the plan, Russian private investors will be able to sell shares in overseas listed companies to foreigners with cash stuck in Russia.
Data Privacy
EU to Streamline Reporting Obligations for Financial Sector
By Editors | 12/03/2024
MEPs voted to adopt new rules to streamline reporting obligations and reduce the administrative burden for the EU’s financial sector.
Resolution & Recovery
IADI Launches Review of Global Deposit Insurance Standards
By Editors | 12/03/2024
The review will apply the lessons from the 2023 banking turmoil, taking into account technology advancements and other emerging trends.
PEPs & Sanctions
OFAC Targets Financial Facilitators of al-Shabaab Militant Group
By Editors | 12/03/2024
OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.
Anti-Money Laundering
FATF Issues Final Guidance to Support Implementation of R.25
By Editors | 12/03/2024
The guidance explains requirements to obtain adequate, accurate and up-to-date UBO information for express trusts and similar legal arrangements.
Fraud, Scams & Cybercrime
INTERPOL Unveils Results of Global Fraud Risk Assessment
By Editors | 12/03/2024
The assessment specifically identifies Asia as being the “focal point” of pig butchering fraud schemes, especially in poorer countries across the region.
PEPs & Sanctions
Canadian FIs Required to Treat Russia as FATF-Blacklisted
By Editors | 12/03/2024
A ministerial directive requires Canadian FIs to treat every financial transaction connected to Russia as high-risk regardless of size.
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