Cryptocurrency

NYDFS Issues Final Rule on Bitlicense Assessment Fees

18/04/2023

Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.

Payments & Settlements

Malaysia SC to Launch New Online Payment Platform

18/04/2023

The platform will enable an easier online payment process for regulatory, registration and application fees paid to the SC.

KYC & CDD

GDF Consults on Wolfsberg-style DDQ for VASPs

18/04/2023

The questionnaire is intended for use by VASPs and other financial institutions including banks for onboarding VASPs.

KYC & CDD

GLEIF Maps LEIs to Records in OpenCorporates Database

18/04/2023

The mapping exercise will ensure the “highest quality reference data” is quickly and easily available to all, said GLEIF CEO Stephan Wolf.

Anti-Bribery & Corruption

Wolfsberg Group Issues Anti-Bribery & Corruption Guidance

18/04/2023

The Guidance is to help FIs develop and implement compliance programmes to prevent, detect, and report acts of bribery and corruption.

Fraud, Scams & Cybercrime

Australia Saw 80pc YoY Jump in Scam Losses in 2022

18/04/2023

Australians lost more to scams than ever before in 2022. Losses per victim rose by more than 50% to an average of almost A$20,000.

Cryptocurrency

US SEC Charges Crypto Firm Bittrex for Not Registering

18/04/2023

The SEC identified six Bittrex-listed crypto tokens as securities and said the company should have registered as a broker, exchange, and clearing agency.

DeFi & Web3

US SEC Reopens Consultation to Redefine ‘Exchange’

18/04/2023

The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.

Conduct, Culture & Accountability

MAS: “Much Room for Improvement” in Issue Manager Conduct

18/04/2023

MAS identified issue managers that did not perform conflict-of-interest checks, background checks on EDs and controlling shareholders, and site visits to issuers’ material assets.