News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
OFAC freezes $131M in stablecoins tied to Iran's central bank, raising urgent sanctions-screening and digital asset accounting obligations for US-nexus firms and CFOs
FATF's call for accelerated crypto AML enforcement and rising stablecoin misuse signals immediate compliance and audit obligations for accounting firms and CFOs.
Bank of Thailand flags abnormal stablecoin flows tied to grey-economy activity, raising urgent AML and recordkeeping obligations for accounting firms and CFOs with Thai exposure
Circle's refusal to burn and reissue stolen USDC raises stablecoin AML governance and crypto accounting software questions for compliance teams and CFOs
Revolut's USDT delisting under its CySEC-issued MiCA CASP licence signals a firm compliance inflection point for accounting firms and CFOs managing stablecoin exposures in EU and UK portfolios
AML and compliance obligations triggered by the Huione Guarantee marketplace processing over $11 billion in USDT, with implications for transaction screening, SAR filing, and sanctions exposure at regulated firms globally
Huione Group has become the largest illicit online marketplace ever recorded, with its own unregulated stablecoin USDH designed to evade asset freezes. Accounting firms and compliance teams need to understand the transaction volumes, the USDH exposure risk, and the AML obligations this creates.
Stablecoin freeze data signals a maturing enforcement infrastructure that accounting firms and auditors must factor into client risk assessments and on-chain asset verification.
The FBI's action against Huione Group, the largest illicit crypto marketplace ever recorded, signals a new baseline for AML due diligence and stablecoin transaction screening at regulated firms.
