AML / KYC

Europol Establishes Dedicated Hub for Sanctions-related Investigations

By Editors | 25/02/2025

The initiative will improve the tracking of illicit financial flows and asset seizures, ensuring a more coordinated response to sanctions evasion, Europol said.

AML / KYC

Nigeria Sues Binance for Economic Losses and Back Taxes

By Nithya Subramanian | 25/02/2025

The tax authority contends that Binance has a “significant economic presence” in Nigeria, making it liable for corporate income tax.

Crypto / Digital Assets

Bybit Falls Victim to $1.5bn Crypto Theft, the Largest in History

By Thisanka Siripala | 24/02/2025

The theft was reportedly orchestrated by North Korea’s Lazarus Group. Security experts are investigating how the self-custodial multi-sig wallet used by Bybit was compromised.

AML / KYC

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.

AML / KYC

GLEIF Announces First Qualified vLEI Issuer in China

By Mark Johnston | 24/02/2025

The China Financial Certification Authority has become the first China-based issuer of fully digitised Legal Entity Identifiers.

AML / KYC

FATF Removes Philippines from Grey List, Adds Nepal and Laos

By Manesh Samtani | 23/02/2025

The FATF also agreed on standards revisions to support financial inclusion and to issue consultations on payment transparency and proliferation financing schemes.

Crypto / Digital Assets

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”

Enforcement

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.

Crypto / Digital Assets

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.

AML / KYC

Digital Currency Exchanges on Notice Amid AUSTRAC Compliance Blitz

By Nathan Lynch | 20/02/2025

Crackdown from AUSTRAC could be just the tip of the iceberg for crypto exchanges, as some could also face follow-up enforcement action.

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