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NEWS: Crypto lender Nexo seeks $3 bln in damages from Bulgaria over aborted investigation

Premium January 24, 2024

NEWS: Italy boosts crypto risk oversight and toughens sanctions, draft shows

INSIGHT: We asked four world-leading financial crime experts who should be AMLA chair – here’s what they said

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NEWS: Canada’s TD Bank names insider Michelle Myers as global chief auditor amid regulatory glare

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NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

By Elizabeth Howcroft and Kirstin Ridley

Cryptocurrency lender Nexo is seeking $3 billion in damages from Bulgaria over an aborted criminal investigation that the company alleges scuppered its plans for a U.S. stock market listing and a soccer sponsorship deal, legal filings seen by Reuters show.

Nexo AG, a Swiss unit of Cayman Islands-based Nexo Capital, alleges the investigation tarnished its reputation and destroyed shareholder value, according to a document filed with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID).

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INSIGHT: We asked four world-leading financial crime experts who should be AMLA chair – here’s what they said

 Premium

NEWS: Canada’s TD Bank names insider Michelle Myers as global chief auditor amid regulatory glare

 Premium

NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

Regulatory Watch News

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  • SEC Charges Three Broker-Dealers with Filing Deficient Suspicious Activity Reports

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    Washington D.C., Nov. 22, 2024 —
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  • Financial sanctions update: Frozen Assets Reporting 2024

    OFSI

    OFSI is conducting its Frozen Asset Review. If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person, you are required to submit a report to HM Treasury's OFSI by the extended deadline of Monday 25 November 2024.

    This email is a final reminder that you are required to report the value of all assets as they stood at close of business on Monday 30 September 2024.

    Your report must include details of all funds or economic resources frozen in the UK and overseas, where these funds or economic resources are subject to UK financial sanctions legislation.

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