Europe

Anti-Money Laundering

Indian Authorities Arrest Co-founder of Crypto Exchange Garantex

By Nithya Subramanian | 13/03/2025

The arrest was made at the request of US authorities, who have charged Aleksej Besciokov for conspiracy to commit money laundering and violate sanctions.

Anti-Money Laundering

US, EU Authorities Shut Down Russian Crypto Exchange Garantex

By Manesh Samtani | 09/03/2025

The takedown operation came after the EU sanctioned Garantex, prompting Tether to block wallets on the platform holding more than $26mn.

Anti-Money Laundering

EBA Consults on Technical Standards for AML Framework

By Nithya Subramanian | 07/03/2025

The proposed standards cover criteria for direct supervision, risk assessment methodology, CDD requirements, and enforcement measures.

Emerging Prudential Risks

FSB to Establish Taskforce to Address NBFI Leverage – Report

By Nithya Subramanian | 03/03/2025

New task force will work to ensure national regulators have adequate data to assess financial stability risks from NBFIs such as hedge funds.

PEPs & Sanctions

US-made Goods Being Diverted to Russia via India – Report

By Manesh Samtani | 27/02/2025

Shipments to India from Boeing, Airbus and dozens of other Western companies have been making their way to Russia.

PEPs & Sanctions

EU Suspends Sanctions on Syria in Key Economic Sectors

By Editors | 25/02/2025

Sectoral measures in the energy and transport sectors were suspended and five entities including banks were removed from the sanctions list.

PEPs & Sanctions

New Sanctions Announced to Mark Third Year of Ukraine War

By Editors | 25/02/2025

EU, UK, Canada, Australia, New Zealand sanctions target circumvention via third countries, Russia’s shadow fleet, financial institutions, trade

PEPs & Sanctions

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.

Payments & Settlements

ECB to Launch Settlement Platform for DLT-based Transactions

By Thisanka Siripala | 24/02/2025

The ECB said the long-term strategy seeks to support international financial transactions while maintaining the stability of the European financial ecosystem.