Europe

AML / KYC

Europol Report Flags Asia as Key Hub for Financial Crime

By Thisanka Siripala | 20/03/2025

Organised crime groups are leveraging Asia’s financial networks, trade zones, and digital platforms to move illicit funds globally, a new report states.

Capital / Liquidity

Taiwan Mandates Central Clearing for TWD Interest Rate Swaps

By Mark Johnston | 20/03/2025

TAIFEX launched OTC clearing services for TWD IRS contracts in 2022, but central clearing has not yet been mandatory.

Sanctions

Indian Authorities Arrest Co-founder of Crypto Exchange Garantex

By Nithya Subramanian | 13/03/2025

The arrest was made at the request of US authorities, who have charged Aleksej Besciokov for conspiracy to commit money laundering and violate sanctions.

AML / KYC

US, EU Authorities Shut Down Russian Crypto Exchange Garantex

By Manesh Samtani | 09/03/2025

The takedown operation came after the EU sanctioned Garantex, prompting Tether to block wallets on the platform holding more than $26mn.

AML / KYC

EBA Consults on Technical Standards for AML Framework

By Nithya Subramanian | 07/03/2025

The proposed standards cover criteria for direct supervision, risk assessment methodology, CDD requirements, and enforcement measures.

Capital / Liquidity

FSB to Establish Taskforce to Address NBFI Leverage – Report

By Nithya Subramanian | 03/03/2025

New task force will work to ensure national regulators have adequate data to assess financial stability risks from NBFIs such as hedge funds.

Sanctions

US-made Goods Being Diverted to Russia via India – Report

By Manesh Samtani | 27/02/2025

Shipments to India from Boeing, Airbus and dozens of other Western companies have been making their way to Russia.

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.

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