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LATEST NEWS
AML / KYC
Australian Banks Launch New Fraud Reporting Platform
By Editors | 16/05/2023
The platform streamlines communications so banks can alert each other in real time when funds have been sent to a suspected scammer’s account.
Crypto / Digital Assets
US SEC Responds to Coinbase Request for Regulatory Clarity
By Editors | 16/05/2023
The SEC said it has no obligation to issue the “broad new regulations” for digital assets that Coinbase has requested.
ESG / Sustainability
Hong Kong ESG Rules May Lift Mainland Disclosures
By ESG Investor | 16/05/2023
The upcoming rules will make HKEX-listed companies subject to the most stringent ESG disclosure requirements in the region.
Crypto / Digital Assets
BOK, Samsung to Collaborate on Offline CBDC Payments
By Editors | 16/05/2023
The agreement will involve further research on a BOK-issued CBDC and collaboration in the offline payments sector.
Crypto / Digital Assets
Korean Prosecutors Seize Records from Upbit, Bithumb
By Editors | 16/05/2023
The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.
Crypto / Digital Assets
Tether’s Excess Stablecoin Reserves Reach All-time High
By Editors | 15/05/2023
Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.
AML / KYC
The Financial Action Task Force’s Challenge with Russia
By Fatima Alsancak | 15/05/2023
RUSI’s Fatima Alsancak says the FATF should consider Russia’s invasion of Ukraine as an impetus to update its standards and country assessment process to address corruption.
Capital / Liquidity
G7 Leaders Pledge to Maintain Resilience of Global Financial System
By Editors | 15/05/2023
The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.
Enforcement
Thai Couple Sentenced to 12,000+ Year Jail Term Over Ponzi Scheme
By Editors | 15/05/2023
Husband and wife are expected to be in prison for 20 years each, because of a law that limits total jail time.
Sanctions
OFAC Makes Structural Changes to Minimise Collateral Damage of Sanctions
By Editors | 15/05/2023
OFAC hired a chief sanctions economist to lead a new division that will assess the potential collateral economic effects of proposed sanctions.
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