International

Sanctions

US, UK, Canada Announce Coordinated Sanctions Against Belarus

By Editors | 11/08/2024

The sanctions mark the four-year anniversary of the 2020 presidential election in Belarus, which was widely regarded as fraudulent.

ESG / Sustainability

UK to Introduce Bill Next Year to Regulate ESG Ratings

By Editors | 10/08/2024

The regime will help address a lack of transparency in ratings processes and help support the development of the sustainable finance sector.

Enforcement

US Man Arrested for Facilitating DPRK Remote IT Worker Fraud

By Editors | 10/08/2024

DOJ said Matthew Isaac Knoot enabled North Korean IT workers to work for US and UK companies from locations in China, and laundered money for them.

Sanctions

Russia, China Working on Regulations to Facilitate Barter Trade – Reports

By Editors | 10/08/2024

New regulatory arrangements being put in place are expected to enable barter deals between Russia and China involving agriculture “as soon as this autumn”.

Market Infrastructure

UN Committee Approves Global Cybercrime Treaty Despite Opposition

By Manesh Samtani | 10/08/2024

The UN Convention against Cybercrime still needs to be ratified by at least 40 nations at the General Assembly in the fall.

AML / KYC

Cayman Islands: New Beneficial Ownership Regime Commences

By Editors | 09/08/2024

Beneficial ownership information will not yet be available to the public in light of the November 2022 ruling by the European Court of Justice.

Fintech / Regtech

Google DeepMind Publishes Research on GenAI Misuse Tactics

By Nithya Subramanian | 09/08/2024

The researchers categorise GenAI misuse into two categories – exploitation of GenAI capabilities, and compromise of GenAI systems.

AML / KYC

German Prosecutors Charge Two More Ex-Wirecard Execs

By Ranamita Chakraborty | 08/08/2024

The two executives allegedly breached their fiduciary duties by approving unsecured loans that were used to embezzle “several hundred million euros”.

Crypto / Digital Assets

Australian Police Obtain New Intelligence on Crypto Scams

By Sanday Chongo Kabange | 08/08/2024

The AFP identified over 2,000 compromised crypto wallets belonging to Australians by participating in a global anti-scam initiative launched by Chainalysis.