International

Anti-Money Laundering

FATF Issues 2nd Consultation on Payment Transparency Standard

By Manesh Samtani | 26/02/2025

The proposed revisions aim to help make cross-border payments faster, cheaper, more transparent and inclusive whilst remaining safe and secure.

PEPs & Sanctions

OFAC Issues Additional Sanctions on Iranian Oil Trade Network

By Editors | 26/02/2025

The sanctions targets include entities based in Hong Kong, China, India, Malaysia, Iran, the UAE, Seychelles, and Liberia

Emerging Prudential Risks

FSB to Prioritise Implementation of Post-Crisis Reforms

By Mark Johnston | 26/02/2025

The FSB will conduct a strategic review of 15 years of post-crisis reforms to identify areas for improvement in ensuring consistent, global implementation.

PEPs & Sanctions

EU Suspends Sanctions on Syria in Key Economic Sectors

By Editors | 25/02/2025

Sectoral measures in the energy and transport sectors were suspended and five entities including banks were removed from the sanctions list.

PEPs & Sanctions

New Sanctions Announced to Mark Third Year of Ukraine War

By Editors | 25/02/2025

EU, UK, Canada, Australia, New Zealand sanctions target circumvention via third countries, Russia’s shadow fleet, financial institutions, trade

Cryptocurrency

Nigeria Sues Binance for Economic Losses and Back Taxes

By Nithya Subramanian | 25/02/2025

The tax authority contends that Binance has a “significant economic presence” in Nigeria, making it liable for corporate income tax.

Cryptocurrency

FSB Launches Thematic Review of Global Crypto Regulatory Framework

By Thisanka Siripala | 25/02/2025

The FSB is inviting feedback to evaluate progress made by countries in implementing its global regulatory framework for crypto-asset activities.

Climate Risk

IIGCC Sets Out Core Principles for Sectoral Roadmaps

By ESG Investor | 25/02/2025

The IIGCC said the new core principles will allow roadmaps to be “more effectively used by investors to inform decision-making and investment processes.”

Fraud, Scams & Cybercrime

Bybit Falls Victim to $1.5bn Crypto Theft, the Largest in History

By Thisanka Siripala | 24/02/2025

The theft was reportedly orchestrated by North Korea’s Lazarus Group. Security experts are investigating how the self-custodial multi-sig wallet used by Bybit was compromised.