International

AML / KYC

Nearly 4,000 Arrests Made in Global Anti-Scam Operation: INTERPOL

By Editors | 03/07/2024

The operation spanned 61 countries and resulted in 6,745 bank accounts being frozen and assets worth $257mn being seized.

Sanctions

Chinese Banks Reducing CNY Trades on Moscow Exchange

By Editors | 03/07/2024

Yuan flows into Russia for oil sales to China are reportedly shifting from the exchange market to the OTC market.

Crypto / Digital Assets

Canton Network Launches Decentralised Interoperability Infrastructure

By Editors | 02/07/2024

The “Global Synchronizer” enhances interoperability on the Canton Network, which is designed to enable tokenisation and frictionless exchange of regulated financial assets and liabilities.

AML / KYC

Panama Papers: Court Acquits All 28 Accused of Money Laundering

By Nithya Subramanian | 02/07/2024

According to media reports, the evidence presented was “not sufficient” to establish the defendants’ criminal responsibility.

Market Infrastructure

Project Nexus Completes Blueprint; Prepares for Live Implementation

By Nithya Subramanian | 02/07/2024

To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.

Crypto / Digital Assets

Trade Bodies to Develop Disclosure Guidelines for Digital Assets

By Editors | 02/07/2024

Four trade associations have organised a Steering Committee to propose new disclosure guidelines for digital asset tokens offered in the US.

AML / KYC

US Sanctions Two Chinese Nationals for Assisting Sinaloa Cartel

By Editors | 01/07/2024

The sanctions include two China-based targets who helped launder illicit drug proceeds belonging to Mexico’s Sinaloa Cartel.

AML / KYC

Wolfsberg Group Calls for More Effective Approach to SARs/STRs

By Manesh Samtani | 01/07/2024

Wolfsberg Group says the value being derived from the constantly increasing volume of SARs/STRs is not contributing proportionately to effective outcomes.

Securities / Derivatives

ISDA Confirms Plans to Develop Industry Notices Hub

By Editors | 01/07/2024

ISDA received “strong support” for the plan and will now work with S&P Global Market Intelligence and Linklaters to build the platform.