International

AML / KYC

BNP Paribas Becomes Latest LEI Validation Agent

By Editors | 08/05/2024

BNP Paribas is the first G-SIB headquartered in the EU to join GLEIF’s Validation Agent programme.

Sanctions

Russia Investing Accumulated Rupees in India – Reports

By Editors | 08/05/2024

Russia is no longer looking to repatriate its rupees as it can now invest in Indian stocks and government securities.

Sanctions

US Revokes Licences Allowing Chip Exports to Huawei

By Editors | 08/05/2024

Some companies have been notified that their licences to ship goods to Huawei are effectively revoked.

Sanctions

EU Commission Proposes 14th Russia Sanctions Package

By Editors | 07/05/2024

The package targets transshipments of Russian LNG, “shadow fleet” vessels, the SPFS interbank messaging service, and non-EU companies that help Russia.

AML / KYC

US Prosecutors Secure Guilty Plea from Ex BTC-e Operator

By Editors | 06/05/2024

Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.

Sanctions

US Officials in Malaysia, Singapore This Week to Discuss Sanctions

By Editors | 06/05/2024

Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

Sanctions

Russia Expected to Retaliate Against Asset Confiscation

By Manesh Samtani | 06/05/2024

Confiscation of Russia’s frozen foreign reserves could result in foreign-owned private assets being seized.

Crypto / Digital Assets

Inclusion of DTI in Reporting a ‘Milestone’ for Transparency: DTIF

By Editors | 04/05/2024

The introduction of the Digital Token Identifier as an underlier to the UPI and OTC ISIN will bring greater transparency to the crypto derivatives market.

AML / KYC

Tether to Start Monitoring Secondary Market for USDT

By Editors | 04/05/2024

Through a partnership with Chainalysis, Tether will provide sanctions monitoring, an illicit transfers detection tool, and analysis on major USDT holders.