International

AML / KYC

OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses

By Editors | 09/05/2022

Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.

AML / KYC

EU Oil Embargo Opens Possibilities for Further Sanctions – Report

By Editors | 09/05/2022

The US could enforce secondary sanctions against designated Russian entities and individuals, which would threaten anyone transacting with Russia.

AML / KYC

US, UK Include Professional Services in New Russia Sanctions

By Manesh Samtani | 09/05/2022

New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations

Big Picture

Data Governance Systems Need Better Consent Mechanisms: BIS

By Manesh Samtani | 06/05/2022

Personal data is being aggregated and exploited, without the resulting benefits being passed on to consumers and businesses generating the data.

AML / KYC

Central African Republic Adopts Bitcoin as Legal Tender

By Editors | 06/05/2022

The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.

Fintech / Regtech

J5 Publishes Red Flag Indicators to Address NFT Risks

By Editors | 05/05/2022

Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.

Big Picture

DTCC Calls for Greater Scrutiny of Interconnectedness Risks

By Editors | 05/05/2022

Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.

Securities / Derivatives

AIMA Publishes Institutional Investor Guide on Digital Asset Custody

By Editors | 04/05/2022

The guide was produced with contributions from Anchorage Digital, Barclays Investment Bank, Capco, Coinbase, Copper, Digivault, and Fidelity Digital Assets, among others.

Market Infrastructure

DSB Issues Consultation on OTC ISIN and CFI Service

By Editors | 30/04/2022

The consultation focuses on remediation work following a technical review of the DSB’s cloud infrastructure, enterprise-wide risk monitoring tools, and GUI enhancements.