International

AML / KYC

Wolfsberg Group Issues Updated Statement on Terrorism Financing

By Manesh Samtani | 13/03/2024

The statement has been updated from the 2002 version to reflect changes in terrorism, CTF measures, and the evolving nature of public-private cooperation.

Sanctions

OFAC Sanctions Four for Aiding Bahrain-based Terrorist Group

By Editors | 13/03/2024

OFAC has sanctioned four individuals who fled Bahrain in 2018 to evade terrorism-related charges and wound up in Iran.

Crypto / Digital Assets

Nigeria Detains Binance Execs After Inviting Them for Dialogue

By Mark Johnston | 13/03/2024

Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.

Crypto / Digital Assets

Major FIs Conclude Blockchain Pilot on Canton Network

By Editors | 13/03/2024

Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

AML / KYC

BRICS Establishes Council for Combating Money Laundering

By Editors | 13/03/2024

The BRICS nations also plan to create an organisation to fight money laundering and terrorist financing similar to the FATF.

Sanctions

Russia Moves Ahead With Plan to Unblock Foreign-Listed Shares

By Editors | 13/03/2024

Under the plan, Russian private investors will be able to sell shares in overseas listed companies to foreigners with cash stuck in Russia.

EU to Streamline Reporting Obligations for Financial Sector

By Editors | 12/03/2024

MEPs voted to adopt new rules to streamline reporting obligations and reduce the administrative burden for the EU’s financial sector.

Capital / Liquidity

IADI Launches Review of Global Deposit Insurance Standards

By Editors | 12/03/2024

The review will apply the lessons from the 2023 banking turmoil, taking into account technology advancements and other emerging trends.

Sanctions

OFAC Targets Financial Facilitators of al-Shabaab Militant Group

By Editors | 12/03/2024

OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.