International

    Crypto / Digital Assets

    Crypto Industry Seeks Public Sector Support on Sanctions Issues

    By Manesh Samtani | 06/07/2022

    More than 15 million crypto addresses have been linked to criminal activity with a nexus in Russia, a new GDF report says.

    AML / KYC

    Puerto Rico Forces Closure of Bank Involved in Global Tax Probe

    By Manesh Samtani | 06/07/2022

    Peter Schiff’s Euro Pacific Bank was forced to close over capital shortfall and regulatory violations. The bank has been at the centre of a global tax evasion probe.

    AML / KYC

    EU Council Agrees Position on Bloc-Wide AML Authority

    By Editors | 06/07/2022

    The AMLA will directly supervise certain types of credit and financial institutions, including crypto asset service providers, starting in 2026.

    Securities / Derivatives

    UK to Codify Tax Exemptions for Sovereign Investors into Law

    By Editors | 05/07/2022

    The proposals seek to ensure the tax exemptions provided to sovereign investors are more targeted towards investment rather than trading income.

    Market Infrastructure

    UK FCA Consults on Remaining LIBOR Transition Steps

    By Editors | 04/07/2022

    The FCA is seeking views until 24 August on winding down synthetic sterling LIBOR and US dollar LIBOR.

    Crypto / Digital Assets

    Binance to Help Cambodia Develop Crypto Regulatory Framework

    By Editors | 04/07/2022

    Binance signed an MoU with Cambodia’s securities regulator to support the development of a legal framework for regulating digital asset businesses.

    AML / KYC

    FATF Outlines Priorities, Objectives for Singapore Presidency

    By Editors | 04/07/2022

    The Singapore Presidency will focus on areas such as asset recovery, cybercrime, virtual assets, beneficial ownership, data analytics and corruption.

    Crypto / Digital Assets

    FSB Plenary Highlights Continued Financial Stability Concerns

    By Editors | 03/07/2022

    The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.

    AML / KYC

    Limited Progress Made on Travel Rule Implementation: FATF

    By Editors | 01/07/2022

    Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.

    ESG / Sustainability

    GFXC Launches New Tool to Drive Adoption of FX Global Code

    By Editors | 01/07/2022

    The new web-based prototype tool will reduce the barriers to signing the Code and encourage adoption by more buy-side firms.

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