International

Anti-Money Laundering

FinCEN Fines Paxful $3.5m for "Egregious" and "Wilful" AML Failures

By Manesh Samtani | 10/12/2025

The peer-to-peer crypto platform had "egregious" AML failures, enabling transactions linked to North Korea, ransomware, and terrorist financing.

Anti-Money Laundering

Korea to Bolster Crypto AML Rules, Introduce Account Freezing System

By Sanday Chongo Kabange | 09/12/2025

KoFIU will strengthen cross-border rules and introduce a system to suspend suspicious accounts amid a crackdown on transnational crime.

Clearing & Post-Trade

EME Derivatives Growth Hindered by Structural Barriers, BIS Survey Finds

By Manesh Samtani | 09/12/2025

Turnover in emerging market derivatives has grown, but offshore clearing and a lack of local exchange-traded markets remain key challenges.

PEPs & Sanctions

G7, EU Weigh Full Maritime Services Ban on Russian Oil Exports

By Manesh Samtani | 09/12/2025

The proposal would replace the price cap and block access to Western shipping and insurance, but its effectiveness is in doubt.

Anti-Money Laundering

Basel AML Index Offers New Guidance on Risk and Crypto as Global Progress Stalls

By Manesh Samtani | 09/12/2025

The annual index reveals a global drift to the middle on money laundering risk, with new guidance for firms on proportionate controls and virtual assets.

Capital Adequacy

BCBS Consults on Mandatory Machine-readable Pillar 3 Data for Banks

By Manesh Samtani | 08/12/2025

The proposal aims to standardise quantitative disclosures to improve data accessibility and comparison, with a proposed 2029 implementation date.

Anti-Money Laundering

Indonesia, Nigeria FIUs Agree MOU to Deepen Intelligence Sharing

By Nithya Subramanian | 07/12/2025

The partnership will deepen information sharing, joint analysis and capacity building in the fight against money laundering and terrorism financing.

KYC & CDD

Cayman Islands Seeks Info-Sharing Pacts with Indian Regulators

By Nithya Subramanian | 05/12/2025

The territory is pursuing MoUs with SEBI and IFSCA to boost transparency and strengthen oversight of cross-border investment funds.

Structural Regulation

Indonesia Unveils New Rules for Money Market and FX Derivatives

By Nithya Subramanian | 05/12/2025

BI's new guidelines for money market and FX derivatives aim to strengthen governance, transparency and coordination with OJK and Bappebti.