Global Financial Regulators Crack Down on Money Laundering and Cybercrime
New Zealand has advanced its anti-money laundering (AML) and countering the financing of terrorism (CFT) reforms, while Argentina has strengthened its fraud prevention measures.
The Monetary Authority of Singapore has proposed a stablecoin regulatory framework, which would require issuers to obtain a license and comply with specific requirements.
Other key updates include:
China's central bank has issued guidelines for the development of digital yuan, emphasizing security and stability. The European Banking Authority has published a report on the EU's AML/CFT framework, highlighting areas for improvement. Thailand's Securities and Exchange Commission has introduced new regulations for cryptocurrency trading platforms.
The US Department of Justice has announced a crackdown on cybercrime, with a focus on online fraud and identity theft.