OGP and SDGs / Crypto laundering crackdown / Malaysia asset recovery
How to Get Beyond the Doom and Gloom: Align OGP with the Sustainable Development Goals (Blog). “As a voluntary independent platform, OGP can help increase public awareness of the SDGs. OGP can help nudge greater collaboration (including from donors) around the 16+ agenda, as is occurring with other SDG clusters, such as those around climate.”
Global money-laundering watchdog launches crackdown on cryptocurrencies. Countries will be compelled to register and supervise cryptocurrency-related firms such as exchanges and custodians, which will have to carry out detailed checks on customers and report suspicious transactions, the Financial Action Task Force said in a statement.
John O’Donnell and Tom Wilson/Reuters: https://www.reuters.com/article/us-moneylaundering-crypto-fatf/global-money-laundering-watchdog-launches-crackdown-on-cryptocurrencies-idUSKCN1TM1I8
Malaysia moves to recover $65m stolen from scandal-hit state fund 1MDB. The Malaysian Anti-Corruption Commission has launched civil forfeiture actions — which allow authorities to recover assets allegedly obtained through crime — against 41 entities and individuals; it is the country’s largest civil forfeiture action to date.