Policy Event Β· Medium impact

EDNY Charges Two In Forty Three Million Dollar Scam Laundering Network

Federal prosecutors in Brooklyn charged Zhuoying Chen and Haojie Zhang with conspiracy to commit money laundering tied to online investment scams. The indictment alleges a network of roughly 45 shell companies and 140 bank accounts moved more than USD 43 million to co-conspirators in China, reinforcing shell-company and cross-border payout red flags for crypto-linked scam proceeds.

Medium impactπŸ‡ΊπŸ‡Έ United StatesAMLEnforcementDOJUS Attorney EDNY

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Named institutions or platforms: DOJ, US Attorney EDNY. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related AML tracker page β†’

Related policy events

AUSTRAC Says Enrolment Is First AML CTF Step

AUSTRAC reminded businesses that enrolment is the first step toward meeting AML/CTF obligations and urged firms that have not enrolled to act. For Australian digital-currency and VASP-adjacent businesses, the reminder keeps enrolment records, designated-service scope, contacts and ongoing reporting duties in focus.

Medium impactπŸ‡¦πŸ‡Ί AustraliaAMLLicensingRegulation

BUIDL Retakes Tokenized Treasury Lead At 2.8 Billion

Token Terminal data cited by Wu Blockchain showed Securitize-issued BlackRock BUIDL at about $2.8 billion in market value, again leading tokenized US Treasury funds ahead of Circle USYC. The concentration reinforces transfer-agent, qualified-investor, redemption-window and secondary-liquidity controls as core RWA compliance points.

Medium impactπŸ‡ΊπŸ‡Έ United StatesTokenizationRegulationCustodyUSYC

Kalshi And US Open Make Prediction Markets A Sports Venue Compliance Issue

The US Open reportedly signed an exclusive prediction-market partnership with Kalshi, blocking rival prediction-market advertising at the venue and across ESPN coverage. The deal moves regulated event contracts deeper into sports distribution, raising controls around geography, suitability, advertising, integrity monitoring and dispute handling.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationExchange

US Bank Tokenized Deposit Clearing Push Highlights Netting Model

A Wu Blockchain summary of US bank tokenized-deposit clearing work highlighted interbank netting as a way to reduce prefunded liquidity needs compared with stablecoins. The model raises policy questions around settlement finality, bank liability, bankruptcy isolation, on-chain account identity and failed-netting procedures.

Medium impactπŸ‡ΊπŸ‡Έ United StatesBankingTokenizationRegulation