International

Fraud, Scams & Cybercrime

US Jury Finds Terraform Labs, Do Kwon Liable for Fraud

By Editors | 06/04/2024

Terraform Labs and founder Do Kwon deceived investors about its algorithmic stablecoin UST, a jury found after a nine-day trial.

Fraud, Scams & Cybercrime

US Court Jails Bulgarian National Over “OneCoin” Fraud

By Editors | 06/04/2024

Irina Dilkinska assisted in running OneCoin’s day-to-day operations and laundered fraudulently obtained proceeds to the Cayman Islands.

Reporting & Disclosures

Carbon Markets Integrity Body Makes First Approvals

By ESG Investor | 06/04/2024

ICVCM named the first carbon-crediting programmes that meet its Core Carbon Principles.

PEPs & Sanctions

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

By Editors | 05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

PEPs & Sanctions

OFAC Sanctions 13 Vessels Over Iran Commodity Shipments

By Editors | 05/04/2024

The vessels, operated by UAE-based Oceanlink Maritime DMCC, are “deeply involved in the shipment of Iranian commodities”.

Stablecoins

Ripple Announces Plans to Issue USD-backed Stablecoin

By Editors | 05/04/2024

Ripple said its reserve assets will be audited by a third-party accounting firm and that it will publish monthly attestations.

Structural Regulation

IOSCO Proposes Guidance on Supervision of Exchanges

By Editors | 05/04/2024

The consultation report provides guidance on supervising exchanges that provide multiple services or are part of a larger group.

Climate Risk

BCBS to Backtrack on Climate-related Standards – Report

By Editors | 04/04/2024

The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.

PEPs & Sanctions

Russia-China Business Facing Banking ‘Bottleneck’ – Report

By Editors | 04/04/2024

VTB, the only Russian bank with a fully-fledged branch in China, is dealing with high demand from companies seeking to open accounts to do business with Russia.