International

Enforcement

1MDB Files Suit Against Corporate Service Provider Amicorp

By Editors | 28/12/2024

1MDB alleges HK-headquartered Amicorp used shell companies and fraudulent financial structures to facilitate the misappropriation of assets.

AML / KYC

FATF Publishes Six Mutual Evaluation, Four Follow-up Reports

By Editors | 28/12/2024

New reports available for Marshall Islands, Nauru, Timor Leste, PNG, Oman, Argentina, Georgia, Monaco, Croatia, Poland

Big Picture

BIS Paper Encourages Wider Global Adoption of FPS

By Manesh Samtani | 26/12/2024

The paper examines how FPS have revolutionised payments, drawing lessons from Brazil’s Pix, Costa Rica’s SINPE Móvil, and India’s UPI.

AML / KYC

UN General Assembly Adopts New Cybercrime Convention

By Manesh Samtani | 26/12/2024

The Convention will help to address online child sexual abuse, sophisticated online scams and money laundering

Capital / Liquidity

Findings Released from Probe into Credit Suisse Rescue Deal

By Manesh Samtani | 25/12/2024

The parliamentary probe found shortcomings but “no misconduct” by Swiss authorities and said they ultimately “prevented a global financial crisis”.

Sanctions

EU Already Preparing Next Package of Russia Sanctions

By Editors | 24/12/2024

The EU intends to adopt the 16th package in February to mark the third anniversary of Russia’s invasion of Ukraine.

Sanctions

Calls Grow for Sanctions Against Syria to be Lifted

By Editors | 24/12/2024

The UN special envoy to Syria, as well as Turkiye and Qatar, have called for international sanctions on Syria to be quickly lifted.

Big Picture

Europol Examines Criminal Abuse of Legal Business Structures

By Manesh Samtani | 24/12/2024

New Europol report details how legal business structures are used to enable and disguise organised crime and launder criminal proceeds.

Securities / Derivatives

Hong Kong and UAE to Connect Debt Capital Markets

By Editors | 24/12/2024

HKMA and CBUAE aim to “allow seamless and cost-effective cross-border debt securities issuance, trading, investment, settlement as well as collateral management.”