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United States
Sanctions
US, EU Announces Sanctions Targeting Iran Drone Programme
By Editors | 03/06/2024
The action aims to “disrupt Iran’s production and proliferation of deadly UAVs that continue to be used by Russia against Ukraine and by regional terrorist proxies.”
Sanctions
OFAC Sanctions Two African Firms Linked to Russia’s Wagner Group
By Editors | 31/05/2024
Two companies were designated for enabling “Wagner Group security operations” and “illicit mining endeavors” in the Central African Republic.
Capital / Liquidity
EU Adopts Final Basel III Rules, Confirms Jan 2025 Roll-Out
By Manesh Samtani | 31/05/2024
Earlier this week, an ECB official said Basel III should be delayed in the EU if the US is too slow to adopt its own reform plan.
Crypto / Digital Assets
NYDFS Sets Customer Service Standards for Crypto Firms
By Editors | 31/05/2024
New NYDFS guidance sets expectations for crypto firms regarding customer service, complaints response and resolution, and reporting.
AML / KYC
Swift Announces Industry Partnership to Combat Fraud With AI
By Editors | 31/05/2024
FIs will share data with privacy-preserving controls so that AI can be used to detect fraud patterns from a “much richer dataset”.
Crypto / Digital Assets
NYSE to Launch Cash-settled Bitcoin Index Options
By Editors | 31/05/2024
The options contracts will track the CoinDesk Bitcoin Price Index and are subject to regulatory approval.
Crypto / Digital Assets
‘Gemini Earn’ Investors Secure Return of $2b in Crypto Assets
By Editors | 30/05/2024
Investors are receiving their digital assets “in kind”, meaning they benefit from crypto price increases since withdrawals were halted in January 2023.
Enforcement
HK Jury Convicts Three in Landmark Manipulation Case
By Sanday Chongo Kabange | 30/05/2024
This was the first time an offence under the SFO has been tried at Hong Kong’s Court of First Instance.
Crypto / Digital Assets
Authorities Take Down “World’s Largest” Malicious Botnet
By Editors | 30/05/2024
US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.
Crypto / Digital Assets
US Treasury Publishes Illicit Finance Risk Assessment on NFTs
By Editors | 30/05/2024
NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.
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