INTERNATIONAL

AML / KYC

Former Vitol Trader Pleads Guilty to Bribery Scheme

By Editors | 27/08/2024

Javier Aguilar and co-conspirators paid $600,000 in bribes in 2018 to two senior Mexican officials to win contracts for Vitol.

Crypto / Digital Assets

AIIB Becomes First in Asia to Issue Digital Note via Euroclear

By Ranamita Chakraborty | 27/08/2024

The digital securities raised $300mn for AIIB’s sustainable development bond programme, with clearing possible through HKMA’s CMU and SIX.

Enforcement

French Police Arrests Telegram Chief Executive Pavel Durov

By Editors | 26/08/2024

French authorities allege a lack of moderation on Telegram to prevent criminal use, and failure to cooperate with law enforcement in criminal cases.

Enforcement

US Warns Countries Against Allowing Russian Banks to Set Up Branches

By Editors | 26/08/2024

Deputy Treasury Secretary Wally Adeyemo said the US will go after the branches as well as other entities and companies that work with them.

Sanctions

US Announces New Russia Sanctions Against Nearly 400 Targets

By Editors | 26/08/2024

The targets include individuals and entities from across 16 jurisdictions, including China, Hong Kong, Switzerland and the UAE.

Big Picture

Circle Proposes New Capital Management Model for Stablecoins

By Ranamita Chakraborty | 25/08/2024

The proposed framework seeks to provide a comprehensive approach to managing the unique challenges faced by stable value tokens such as stablecoins.

Sanctions

US DOJ Secures Guilty Plea in Venezuela Sanctions Evasion Case

By Editors | 25/08/2024

The DOJ said George Semerene Quintero lied to US suppliers and created false documents as part of a scheme to evade US sanctions and export controls.

AML / KYC

Most Kyrgyz Banks Have Suspended Money Transfers to Russia

By Editors | 25/08/2024

13 of 16 Kyrgyz banks have halted transfers to Russian lenders via their mobile apps. The central bank said this is to “prevent the negative impact of international sanctions”.

AML / KYC

TD Bank Provisions Additional $2.6b for Expected AML Penalties

By Editors | 25/08/2024

TD Bank said a global resolution of investigations by prudential regulators, FinCEN and the DOJ is expected by year-end.