Canada has received a stronger outcome in its latest FATF mutual evaluation, with the assessment recognising improvements in financial intelligence, risk assessment and cooperation while identifying areas that still require further strengthening.

Switzerland’s financial regulator FINMA has found serious anti-money laundering and risk-management failures at Julius Baer involving client relationships linked to two Russian politically exposed persons (PEPs).

The Securities and Exchange Commission today proposed new rules and amendments to provide a tailored framework for the custody of crypto assets for registered investment advisers and regulated funds, i.e. registered investment companies and business development companies.

The logo of the Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of London

A former China Construction Bank (Asia) customer relationship manager has been sentenced to jail for four years for accepting bribes in crypto form.

Ant Digital Technologies has signed a memorandum of understanding (MOU) with Amundi, Europe’s largest asset manager, to jointly develop tokenised fund solutions.

Kakao Pay and Kakao Bank have signed a memorandum of understanding (MOU) with Fireblocks to explore digital assets in Korea, with a focus on stablecoins.

By PAUL O’DONOGHUE, Senior Correspondent THE FATF (Financial Action Task Force) has placed Turkey under ‘enhanced follow-up’, warning of a backlog of 7,000 financial crime cases awaiting prosecution.

The Office of the Comptroller of the Currency (OCC) has ordered Bank of America to address significant AML compliance and sanctions compliance program deficiencies.