Anti-Money Laundering

Indian Authorities Investigating Three ‘Top Brokers’ – Reports

16/05/2023

Three top brokers, who were not named, were found to be engaged in “large-scale money laundering activities” with the involvement of PEPs.

Anti-Money Laundering

IMF Offers New Guidance on Combatting Terrorism Financing

16/05/2023

New downloadable book presents contributions by experts from the IMF, UN, Egmont Group, INTERPOL, and Europol.

Fraud, Scams & Cybercrime

Australian Banks Launch New Fraud Reporting Platform

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.

Cryptocurrency

US SEC Responds to Coinbase Request for Regulatory Clarity

16/05/2023

The SEC said it has no obligation to issue the “broad new regulations” for digital assets that Coinbase has requested.

CBDCs

BOK, Samsung to Collaborate on Offline CBDC Payments

16/05/2023

The agreement will involve further research on a BOK-issued CBDC and collaboration in the offline payments sector.

Market Abuse

Korean Prosecutors Seize Records from Upbit, Bithumb

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”.

Stablecoins

Tether’s Excess Stablecoin Reserves Reach All-time High

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.

PEPs & Sanctions

G7 Leaders Pledge to Maintain Resilience of Global Financial System

15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.

Fraud, Scams & Cybercrime

Thai Couple Sentenced to 12,000+ Year Jail Term Over Ponzi Scheme

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.