Abu Dhabi Grants GFO‑X Approval to Launch Digital Asset Exchange and Clearing House

PANews reported on September 5th that Crypto in America reported that the U.S. Senate Banking Committee is finalizing a draft reform bill for the crypto market structure, which is expected to be submitted to the committee for review this month, with a vote by the full House likely before the end of the year. The draft incorporates feedback from industry and lobbying groups, marking the first time that Democrats will have deep involvement. Meanwhile, an internal SEC investigation revealed that nearly a year's worth of text messages from former Chairman Gary Gensler, from October 2022 to September 2023, were permanently deleted due to an IT error. These messages involved key content related to crypto enforcement, coordination between banks, and the White House. The SEC has since disabled employee text messaging and stepped up record-keeping training.

PANews reported on September 5 that the U.S. Bureau of Labor Statistics said that before the release of the employment report, the data retrieval tool on its website is currently unavailable due to technical difficulties.

PANews reported on September 5th that the Financial Action Task Force (FATF), the Egmont Group, INTERPOL, and the United Nations Office on Drugs and Crime (UNODC) jointly released the "Handbook on International Anti-Money Laundering Cooperation" to promote cross-border collaboration among analysts, investigators, and prosecutors. The handbook emphasizes the use of informal collaboration to expedite investigations and is supplemented by three practical guidelines. Examples include the joint investigation of a €95 million money laundering case by Italy, Spain, and the Netherlands; Australia's Operation AVARUS-X, which disrupted a network that transferred billions of Australian dollars annually; and the real-time collaboration between the US and India to seize $150 million in crypto assets.