INTERNATIONAL

AML / KYC

FATF, UNODC, INTERPOL Issue Joint Call to Action

By Editors | 14/05/2024

Countries are asked to step up their efforts to target the illicit profits generated by transnational organised crime.

AML / KYC

Canada: FINTRAC Fines Binance for Regulatory Violations

By Editors | 14/05/2024

Binance failed to report almost 6,000 crypto transactions larger than CAD 10,000 over the two years to July 2023.

Crypto / Digital Assets

Global Implementation of BCBS Cryptoasset Standard Deferred

By Manesh Samtani | 14/05/2024

The BCBS oversight body said implementation will be deferred one year. It also announced the appointment of a new BCBS Chair.

Securities / Derivatives

Hong Kong, Saudi Arabia Working on More ETF Listings

By Editors | 12/05/2024

An ETF that tracks Hong Kong’s stock indices will list in Riyadh. More Saudi Arabia ETFs may also list in Hong Kong.

Sanctions

Canada Imposes More Sanctions Over October Hamas Attacks

By Editors | 12/05/2024

The four sanctioned individuals were designated by the US in the weeks following Hamas’ attack on Israel.

Sanctions

EU Ambassadors Agree on Use of Frozen Russian Assets

By Editors | 10/05/2024

90% of the interest generated from the frozen Russian state assets will be used for military aid for Ukraine.

Capital / Liquidity

Law Firms Rally Asian AT1 Claimants Against Switzerland

By Mark Johnston | 10/05/2024

Several law firms including Withers are spearheading efforts to recover funds lost in Credit Suisse AT1 bonds by Asian investors.

Big Picture

Report Calls on US Congress to Review DRPK Sanctions

By Editors | 10/05/2024

The report warns that the enhanced partnership between Russia and North Korea could undermine the effectiveness of US policy.

AML / KYC

FIs Exposed to Land Conversion-related Financial Crime Risk

By Manesh Samtani | 09/05/2024

WWF-UK and Themis have identified vulnerabilities when it comes to handling the proceeds of land conversion-related financial crimes.