International

Sanctions

Russia, China Working on Regulations to Facilitate Barter Trade – Reports

By Editors | 10/08/2024

New regulatory arrangements being put in place are expected to enable barter deals between Russia and China involving agriculture “as soon as this autumn”.

Market Infrastructure

UN Committee Approves Global Cybercrime Treaty Despite Opposition

By Manesh Samtani | 10/08/2024

The UN Convention against Cybercrime still needs to be ratified by at least 40 nations at the General Assembly in the fall.

AML / KYC

Cayman Islands: New Beneficial Ownership Regime Commences

By Editors | 09/08/2024

Beneficial ownership information will not yet be available to the public in light of the November 2022 ruling by the European Court of Justice.

Fintech / Regtech

Google DeepMind Publishes Research on GenAI Misuse Tactics

By Nithya Subramanian | 09/08/2024

The researchers categorise GenAI misuse into two categories – exploitation of GenAI capabilities, and compromise of GenAI systems.

AML / KYC

German Prosecutors Charge Two More Ex-Wirecard Execs

By Ranamita Chakraborty | 08/08/2024

The two executives allegedly breached their fiduciary duties by approving unsecured loans that were used to embezzle “several hundred million euros”.

Crypto / Digital Assets

Australian Police Obtain New Intelligence on Crypto Scams

By Sanday Chongo Kabange | 08/08/2024

The AFP identified over 2,000 compromised crypto wallets belonging to Australians by participating in a global anti-scam initiative launched by Chainalysis.

AML / KYC

US, Germany Take Down Illicit Crypto Platform Cryptonator

By Editors | 08/08/2024

Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.

AML / KYC

The Case for Change: Leveraging GenAI in Anti-Financial Crime

By Bradley Maclean | 07/08/2024

GenAI’s emergence will revolutionise financial crime prevention, but a balanced approach that includes strict oversight will be key to maximising its benefits.

ESG / Sustainability

SBTi Proposes Stricter Scope 3 Target Standards

By ESG Investor | 06/08/2024

Value chain emissions have been considered too hard to deal with by many companies, but that needs to change, says the SBTi.