The Central Bank of the UAE (CBUAE) and the Dubai Police signed a memorandum of understanding to promote cooperation coordination and partnership in the field of information exchange related to financial crimes to achieve strategic common goals.

The Moroccan House of Representatives approved the postponement of two bills on tax and financial information exchange agreements, with the aim of protecting the interests of the Moroccan diaspora community residing abroad.

A high-level delegation headed by Nepal Rastra Bank Governor Maha Prasad Adhikari has returned from Canada after attending the Asia Pacific Group (APG) on ML Annual Meeting held in Vancouver.

Russia has begun developing an information exchange system as a tool to counter the legalization of criminal proceeds with countries of Central and Southeast Asia, the Middle East, Africa, and Latin America, the Russian government said in a statement on its website.

The gem and jewellery sector which makes a significant contribution to the economy is also successfully adhering to the Central Banks Financial Intelligence Unit’s (FIU) AML/CFT obligations said Governor CBSL, Dr. Nandalal Weerasinghe.

The MONEYVAL recently published a new report calling on the Romanian authorities to further strengthen measures to combat money laundering and the financing of terrorism.

The FATF, which has repeatedly pushed Uganda’s compliance deadline, has granted a four-month extension to the country to clean up its house, shifting the deadline from June to October.

The Kenyan government approved a draft bill on fighting against money laundering and the financing of terrorism by introducing tougher action against individuals guilty of economic crimes.

The authorities in El Salvador have arrested around 110 people, mostly Colombians, accused of being part of a money laundering network that defrauded thousands of citizens in the Central American country.

Türkiye is committed to combating global money laundering and terrorist financing, Treasury and Finance Minister Mehmet Şimşek said, adding that the country should be removed from the FATF gray list.

The Nigerian Bar Association (NBA) has introduced anti- money laundering and terrorism financing law into the practice direction of lawyers in the country.

The European Commission has opened infringement proceedings against Cyprus for the latter’s failure to correctly transpose the 5th Anti-Money Laundering Directive.

Gahanian Member of Parliament, Sam George has cast doubt on the legitimacy of many real estate businesses in Ghana. Speaking in an interview he explained that the real estate business is a cover-up for money laundering.

The US has barred 14 Iraqi banks from conducting dollar transactions. The ban, which was imposed by the Treasury Dept. and the Federal Reserve Bank of New York, is part of a crackdown on the siphoning of U.S. currency to Iran.

Conservative MP Michael Chong says Canada’s lax laws have allowed the country to become a haven for money launderers.

As digital currency-related crime increases in complexity, South Korean officials have disclosed plans to launch a dedicated unit to investigating offenses in the sector.

Panama’s Supreme Court has struck down a law designed to grant legal status to certain cryptocurrencies.

The situation of the Venezuelan cryptocurrency ecosystem and the current status of its official cryptocurrency asset, the petro, are yet uncertain after four months of the intervention of Sunacrip, the Venezuelan cryptocurrency watchdog.

The third meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) has concluded with an outcome document and chair summary that saw member-countries agreeing on almost all issues, ranging from a common framework for debt, strengthening multilateral development ban

Brazil's central bank announced its plans to launch a public consultation regarding the regulation of cryptocurrencies in the second half of this year.

The Federal Reserve Bank of San Francisco has made headlines with its recent job posting for a crypto architect to work on a CBDC project.

Chinese police have apprehended 21 individuals allegedly involved in a USDT money laundering scheme. The suspects are accused of illegally purchasing and selling USDT, an asset-backed stablecoin pegged to the US dollar and operated by a subsidiary of iFinex Inc. based in Hong Kon

The State Duma, Russia’s Lower House of Parliament, passed the legislation after three readings on the floor of the House.

The US Senate is drafting the Crypto-Asset National Security Enhancement Act of 2023, requiring DeFi protocols to adopt bank-like regulations.

Kuwait’s supervisory authorities, including the Central Bank of Kuwait, the Capital Markets Authority, the Ministry of Commerce and Industry, and the Insurance Regulatory Unit, have jointly issued circulars to address the use and recognition of virtual assets within the country.

The rejection came in response to the House of Commons Treasury Committee’s report on the regulation of cryptoassets trading.

Indonesia has launched a national crypto asset bourse to provide regulators with transaction records and better protect crypto investors, the government announced.

The EU–U.S. Joint Financial Regulatory Forum, took places in Brussels with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue.

The Bahrain-headquartered Rain, backed by Coinbase, said its entity based in the Abu Dhabi Global Market financial freezone will now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.

Royal Foundation of The Prince and Princess of Wales and the UN Office on Drugs and Crime (UNODC) have announced a new partnership, tagged United for Wildlife, a flagship programme to end global illegal wildlife trade.

The Egyptian and Nigerian central banks announced the signing of a financial technology collaboration agreement. The signing of the memorandum of understanding (MOU) is expected to help “deepen cross-border regulatory collaboration”. and information sharing between the two instit

The topic of a common BRICS currency is not on the agenda to be discussed at the economic group’s upcoming leaders’ summit, South Africa’s diplomat in charge of BRICS relations, Anil Sooklal, reportedly said. South Africa will be hosting the summit in Johannesburg on Aug. 22-24.

The Wildlife Conservation Society (WCS) has commenced collaboration with the Nigeria Customs Service (NCS) to check illegal wildlife trade.