International

PEPs & Sanctions

EU Considers Sanctions Package Targeting Russia Facilitators

By Editors | 14/03/2024

The EU sanctions could target Belarus, North Korea, Iran and other third countries where entities enable Russian access to weapons and sensitive technology.

Fraud, Scams & Cybercrime

Global Leaders Announce International Pact to Combat Fraud

By Mark Johnston | 14/03/2024

The new international agreement includes the G7 and Five Eyes nations, along with Singapore and South Korea.

Anti-Money Laundering

US Court Convicts Alleged Founder of Crypto Mixer ‘Bitcoin Fog’

By Editors | 14/03/2024

Russian-Swiss national Roman Sterlingov was found guilty on four charges, though he maintained his innocence during the jury trial.

Capital Adequacy

Regulation Seen as Key Challenge to Derivatives Industry in 2024

By Manesh Samtani | 13/03/2024

New FIA and Coalition Greenwich research identifies capital requirements as the single greatest issue facing derivatives market participants.

PEPs & Sanctions

Russia Importing UK Luxury Cars via Azerbaijan – Reports

By Editors | 13/03/2024

Azerbaijan received £273mn in vehicle imports from the UK in 2023, a 1,860% increase from the five-year period preceding 2022.

Anti-Money Laundering

Wolfsberg Group Issues Updated Statement on Terrorism Financing

By Manesh Samtani | 13/03/2024

The statement has been updated from the 2002 version to reflect changes in terrorism, CTF measures, and the evolving nature of public-private cooperation.

PEPs & Sanctions

OFAC Sanctions Four for Aiding Bahrain-based Terrorist Group

By Editors | 13/03/2024

OFAC has sanctioned four individuals who fled Bahrain in 2018 to evade terrorism-related charges and wound up in Iran.

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.