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International
PEPs & Sanctions
Russia Blocks UNSC Resolution to Extend Mandate of DPRK Expert Panel
By Editors | 31/03/2024
The Russian veto will force the panel of experts to disband at the end of April, though the UNSC sanctions against North Korea will remain in place.
Anti-Money Laundering
FATF Sheds Light on Global Implementation of Crypto Standards
By Manesh Samtani | 31/03/2024
91% of jurisdictions with materially important VASP activity have enacted or are in the process of enacting AML/CTF requirements for VASPs.
Anti-Money Laundering
Nigeria Files Charges Against Binance & Executives
By Editors | 31/03/2024
One of the two Binance executives detained last month escaped custody. Both executives and Binance are accused of money laundering and tax evasion, among other charges.
PEPs & Sanctions
US, UK Announce New Sanctions Targeting Hamas Financing
By Editors | 29/03/2024
Two individuals and three entities were sanctioned by the US and UK for engaging in fundraising efforts to support Hamas.
Supervision & Enforcement
Wolfsberg Group Addresses Role of Internal Audit Function
By Editors | 29/03/2024
The Group offers a set of principles as guidance for the IA function to promote effective financial crime risk management within FIs.
PEPs & Sanctions
US and South Korea Jointly Announce New DPRK Sanctions
By Editors | 29/03/2024
The US and South Korea also launched a new task force that will work to disrupt North Korean refined oil procurement networks.
PEPs & Sanctions
Businesses Have Lost Over $100bn From Russia Exits – Report
By Editors | 28/03/2024
Russia has steadily tightened its exit requirements as sanctions pressure has ramped up. It now demands discounts of at least 50% on foreign asset sales.
PEPs & Sanctions
Russia Buys its Own Diamonds to Support State-owned Alrosa
By Editors | 28/03/2024
The Russian government is for the first time in 15 years procuring diamonds from Alrosa, which has been targeted by sanctions.
PEPs & Sanctions
US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report
By Editors | 28/03/2024
There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.
Anti-Money Laundering
BIS Innovation Hub Launches New Phase of AML Project
By Manesh Samtani | 28/03/2024
Phase 2 of Project Aurora aims to, among other things, deliver real-world proofs-of-concept that could scale to a potential pilot.
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