UN, UK, Switzerland sanction Houthi military Leaders in Yemen
Three leading figures of the Houthi rebels in Yemen are included in the sanctions list by the UN Security Council Committee and are designated by the UK and Switzerland.
U.S. Treasury designates Chatex crypto exchange connected to SUEX, sets up award for tips on cybercriminals
U.S. Treasury has designated virtual asset exchange Chatex connected to SUEX, complicit in facilitating transactions for ransomware perpetrators.
HKMA launches AML Regtech Lab
Hong Kong Monetary Authority (HKMA) launches innovative AML Regtech Lab in collaboraton with the private sector.
U.S. blacklists Israeli NSO Group over “Pegasus” spyware.
The U.S. Department of Commerce added the developer of the dreaded spyware “Pegasus” to its Entity List along with three other companies in Israel, Russia and Singapore.
Cayman re-rated “largely compliant” with 40 recommendations and on virtual assets.
The Cayman Islands has been assessed to be compliant or largely compliant in its virtual assets regime, the Caribbean Financial Action Task Force (CFATF) in its 3rd Enhanced Follow-up Report & Technical Compliance Re-Rating released in October 2021, found. The international watchdog diagnosed that the 2020’s VASPs Act (The Virtual Asset (Service Providers) […]
Treasury Sanctions Libyan Migrant Trafficking Kingpin for Human Rights Abuse of African Migrants
OFAC has sanctioned a Libyan “migrant smuggling kingpin” for acts of grave human rights violations against migrants.
Malware hosting providers sentenced in U.S. Court
The DOJ announced the sentencing of two individuals for their roles in providing “bulletproof hosting” to cybercriminals who attacked U.S. businesses and victims between 2009 and 2015.
Turkey faces threat of being grey listed by FATF
Turkey is set to be included in FATF’s “grey list” for the failings in its AML and CFT regime. The decision can pave the way for an EU action to add the country to its money-laundering list.
Govt of Mexico cooperates with the U.S. Treasury to sanction members of violent CJNG cartel.
OFAC, UIF (Mexico’s Financial Intelligence Unit) and DEA designated four major figures of the violent CJNG cartel active in trafficking drugs in and around the strategic port of Manzanillo, Mexico.
Crypto regulation debate heating up: Bank of England Deputy Governor warns about possible collapse
Following the publication of an IMF report warning of “cryptoization”, debate about the regulation of crypto assets heats up as Deputy Governor of Bank of England calls for “urgent regulation”.