INTERNATIONAL

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    Sanctions

    China Payments Becoming Increasingly Difficult for Russia

    By Editors | 02/09/2024

    Chinese banks are returning payments for goods already shipped; Chinese exporters asking for pre-payments; UAE banks rejecting payments for Russia-China trade.

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    Crypto / Digital Assets

    WFE Offers Recommendations on Crypto Custody Practices

    By Editors | 30/08/2024

    The recommendations draw lessons from traditional finance to guide crypto custody providers in creating a safer space for investors.

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    Crypto / Digital Assets

    BCBS Paper Warns of Risks in Permissionless DLT Systems

    By Manesh Samtani | 30/08/2024

    New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.

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    AML / KYC

    NYDFS Fines Nordea Bank $35mn for AML Failures

    By Editors | 29/08/2024

    NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

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    AML / KYC

    Europol, New Zealand Can Share Personal Data to Combat Crime

    By Ranamita Chakraborty | 29/08/2024

    A new agreement has entered into force that allows Europol and New Zealand authorities to exchange personal data to combat crime.

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    Sanctions

    US Sanctions Israeli NGO and Civilian Security Officer

    By Editors | 29/08/2024

    The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.

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    Sanctions

    Russia Set to Start Testing Crypto in International Payments

    By Editors | 29/08/2024

    The trials will commence in September. If successful, Russia may allow the Moscow Exchange to set up crypto platforms next year.

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    Crypto / Digital Assets

    CME to Launch Weekly Bitcoin Futures on 30 September

    By Editors | 29/08/2024

    The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

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    AML / KYC

    Swiss Court Sentences Two to Jail for Defrauding 1MDB

    By Manesh Samtani | 29/08/2024

    Two executives of an oil exploration company known as PetroSaudi were sentenced for defrauding 1MDB out of more than $1.8bn.

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    AML / KYC

    French Prosecutors File Charges Against Telegram CEO

    By Editors | 28/08/2024

    A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

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