International

Fraud, Scams & Cybercrime

Myanmar’s Scam Factories: A Descent Into the Heart of Financial Darkness

By Nathan Lynch | 25/04/2025

Industrial-scale scam operations run by criminal syndicates in Myanmar present a daunting challenge to banks and law enforcement, writes Nathan Lynch.

Payments & Settlements

China, Russia Are Using a New Payments Netting System to Trade Freely

By Manesh Samtani | 25/04/2025

The netting system, set up by sanctioned banks, has become the cheapest way for settling trade between Russia with China

Fraud, Scams & Cybercrime

Nearly a Third of Bybit’s Stolen Crypto is Now ‘Untraceable’

By Thisanka Siripala | 24/04/2025

Only 3.84% of the USD 1.4 billion worth of cryptocurrency stolen from Bybit in February has been frozen.

Structural Regulation

GLEIF Announces New Partnership to Boost Visibility of Chinese Firms

By Mark Johnston | 24/04/2025

The initiative involves mapping the LEI to data from the Chinese business information platform known as Qichacha.

Tokenisation

BIS Publishes Findings from Project to Tokenise MDB Promissory Notes

By Manesh Samtani | 24/04/2025

Project Promissa developed a DLT platform for tokenised promissory notes, enabling more efficient management of the notes throughout their lifecycle.

Payments & Settlements

FSB to ‘Intensify Engagement’ on Cross-border Payments

By Manesh Samtani | 24/04/2025

Klaas Knot’s final letter to the G20 ministers says progress to enhance cross-border payments hasn’t yet led to “material improvements” for end-users.

Supervision & Enforcement

GCFFC Developing Global Model to Assist in Prioritising Financial Crime Types

By Manesh Samtani | 23/04/2025

The model will provide authorities with a common basis to prioritise financial crimes based on pre-set criteria, ensuring they can maximise the use of limited resources.

Fraud, Scams & Cybercrime

Southeast Asian Crime Syndicates Are Now Operating Globally – UNODC

By Manesh Samtani | 23/04/2025

UNODC says East and Southeast Asian organised crime groups are spreading “like a cancer”, driven by new technologies and mounting law enforcement pressure.

Climate Risk

UNEP FI Publishes Version 3 Guidance for Banks on Climate Target Setting

By Manesh Samtani | 22/04/2025

Version 3 contains new sections covering stakeholder engagement and the role of carbon credits in helping banks achieve their climate targets.