MAS introduces a centralized digital platform to combat money laundering and terrorism financing.
The Monetary Authority of Singapore (MAS) launched Cosmic – which stands for Collaborative Sharing of Money Laundering/Terrorism...

Philippines Securities Watchdog Halts Binance Operations
SEC Issues Warning: Binance Operating Without Licenses in the Philippines. Company Advised to Address Compliance Issues -- Read more HERE

Facebook and Instagram will mark all AI generated images as fake.
Meta says it will introduce technology that can detect and label images generated by other companies' artificial intelligence (AI) tools....

Binance CEO Changpeng Zhao Pleads Guilty to Money Laundering Charges
The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations. -- Read HERE.

G7 leaders agreed on Guiding Principles and a Code of Conduct on Artificial Intelligence
The Commission welcomes today's agreement by G7 leaders on International Guiding Principles on Artificial Intelligence (AI) and a...

MAS Suggests Strategy for Funding the Early Retirement of Coal Plants
A new paper by MAS and McKinsey proposes the generation and sale of “transition credits” to reduce the economic gap from retiring a coal...

Switzerland reveals stricter measures against money laundering
Switzerland intends to mandate increased transparency to tackle its image as a destination for questionable profits. -- Read more here.


Beginning in 2035, all new vehicles sold in the EU must be zero-emission vehicles
Countries in the European Union have approved a landmark law that will ensure all new cars sold from 2035 must have zero emissions. --...

UBS and Rival Credit Suisse Reach a USD 3.25b Rescue Agreement
UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators to safeguard the...


UK regulator slams payment groups' "unacceptable" risk
The UK’s top financial regulator has warned against shutting down payments firms offering bank-like services without a banking license...
