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AML / KYC
AML / KYC
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
AML / KYC
Europol Establishes Dedicated Hub for Sanctions-related Investigations
By Editors | 25/02/2025
The initiative will improve the tracking of illicit financial flows and asset seizures, ensuring a more coordinated response to sanctions evasion, Europol said.
AML / KYC
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.
Crypto / Digital Assets
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.
AML / KYC
US Beneficial Ownership Reporting Requirements Again in Effect
By Thisanka Siripala | 24/02/2025
FinCEN has set a new 21 March compliance deadline and said it would revise the BOI reporting rule to reduce regulatory burdens on lower-risk entities.
AML / KYC
GLEIF Announces First Qualified vLEI Issuer in China
By Mark Johnston | 24/02/2025
The China Financial Certification Authority has become the first China-based issuer of fully digitised Legal Entity Identifiers.
AML / KYC
FATF Removes Philippines from Grey List, Adds Nepal and Laos
By Manesh Samtani | 23/02/2025
The FATF also agreed on standards revisions to support financial inclusion and to issue consultations on payment transparency and proliferation financing schemes.
Crypto / Digital Assets
US SEC Launches Cyber and Emerging Technologies Unit
By Nithya Subramanian | 21/02/2025
The unit will “root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies”
Enforcement
India Enforcement Directorate Seizes $190m Related to BitConnect Scam
By Nithya Subramanian | 21/02/2025
The ED the f’s investigation revealed that the founder of BitConnect and his associates ran an unregistered, fraudulent investment scheme.
Crypto / Digital Assets
Fraud Uncovered in Secondary Market for FTX Debt Claims
By Nithya Subramanian | 21/02/2025
An investigation by Inca Digital revealed that a scam group used fake identities to impersonate claim holders and made away with $5.6mn.
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