United States

KYC & CDD

US Beneficial Ownership Reporting Requirements Again in Effect

By Thisanka Siripala | 24/02/2025

FinCEN has set a new 21 March compliance deadline and said it would revise the BOI reporting rule to reduce regulatory burdens on lower-risk entities.

Cryptocurrency

US SEC Dropping Cases Against Coinbase, OpenSea

By Thisanka Siripala | 24/02/2025

Coinbase said this is not just a victory for the company, but also for its customers, the US, and “individual freedom”.

Anti-Money Laundering

FTX Begins Creditor Repayments After Three-Year Wait

By Nithya Subramanian | 23/02/2025

The FTX estate has started distributing funds to creditors, with initial payouts prioritising small claims under $50,000.

Fraud, Scams & Cybercrime

US SEC Launches Cyber and Emerging Technologies Unit

By Nithya Subramanian | 21/02/2025

The unit will “root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies”

Trading & Investment

Thailand to Impose Limits on Short Selling and High Frequency Trading

By Nithya Subramanian | 21/02/2025

Short selling and HFT practices will only be allowed for stocks in the SET100 Index. The SET hopes this will bring greater market stability.

Fraud, Scams & Cybercrime

India Enforcement Directorate Seizes $190m Related to BitConnect Scam

By Nithya Subramanian | 21/02/2025

The ED the f’s investigation revealed that the founder of BitConnect and his associates ran an unregistered, fraudulent investment scheme.

Fraud, Scams & Cybercrime

Fraud Uncovered in Secondary Market for FTX Debt Claims

By Nithya Subramanian | 21/02/2025

An investigation by Inca Digital revealed that a scam group used fake identities to impersonate claim holders and made away with $5.6mn.

AI Risk & Governance

Switzerland Outlines Regulatory Approach to Artificial Intelligence

By Nithya Subramanian | 20/02/2025

The Federal Council is planning to incorporate the Council of Europe’s Convention on Artificial Intelligence into Swiss law.

Anti-Money Laundering

Sri Lanka Appoints Task Force to Oversee AML/CFT Efforts

By Thisanka Siripala | 19/02/2025

The primary objective of the task force is to ensure compliance with the FATF’s 40 recommendations and demonstrate effective implementation across 11 key areas.