A Guide to Anti-Money Laundering for Crypto Firms

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The Monetary Authority of Singapore (MAS) is currently assessing its approach to stablecoin regulation following the collapse of algorithmic stablecoin TerraUST (UST-USD) in May 2022. According to Central Bank minister Tharman Shanmugaratnam, MAS plans to consult the public in the […]

On July 20, 2022, the UK government introduced the Financial Services and Markets Bill to Parliament. To boost the competitiveness of the UK, the Bill proposes significant changes to the regulation of the UK financial services sector. It also  addresses […]

The Australian Federal Police (AFP) has announced a campaign targeting outlaw motorcycle gangs (OMCGs) that have fled to South-East Asia to evade law enforcement. The AFP believes groups including the Comanchero, Hells Angels, Bandidos, and Lone Wolf are responsible for […]

The UN’s Special Rapporteur, Alena Douhan, has issued a stark warning on the consequences of over-compliance with sanctions. Douhan notes resorting to extreme measures to reduce legal, business, and regulatory risk has become tempting as governments issue more unilateral sanctions.  […]

The US Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Obed Christian Sepulveda Portillo for trafficking high-caliber firearms from the US to one of Mexico’s top drug organizations.  Obed Sepulveda was acting on behalf of the Cartel de Jalisco […]

On July 1, 2022, the Financial Action Task Force (FATF) published its objectives for July 2022 – June 2024. Under its new Singapore Presidency, the FATF will prioritize work in the following areas: Strengthening asset recovery Countering illicit finance related […]