AML / KYC

Australia: New Cross-Industry Code to Require Banks to Reimburse Scam Victims

16/05/2023

The code will be enforceable and set clear expectations on the obligations of banks, telcos and social media platforms.

AML / KYC

Indian Authorities Investigating Three ‘Top Brokers’ – Reports

16/05/2023

Three top brokers, who were not named, were found to be engaged in “large-scale money laundering activities” with the involvement of PEPs.

AML / KYC

IMF Offers New Guidance on Combatting Terrorism Financing

16/05/2023

New downloadable book presents contributions by experts from the IMF, UN, Egmont Group, INTERPOL, and Europol.

AML / KYC

Australian Banks Launch New Fraud Reporting Platform

16/05/2023

The platform streamlines communications so banks can alert each other in real time when funds have been sent to a suspected scammer’s account.

Crypto / Digital Assets

US SEC Responds to Coinbase Request for Regulatory Clarity

16/05/2023

The SEC said it has no obligation to issue the “broad new regulations” for digital assets that Coinbase has requested.

Crypto / Digital Assets

BOK, Samsung to Collaborate on Offline CBDC Payments

16/05/2023

The agreement will involve further research on a BOK-issued CBDC and collaboration in the offline payments sector.

Crypto / Digital Assets

Korean Prosecutors Seize Records from Upbit, Bithumb

16/05/2023

The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.

Crypto / Digital Assets

Tether’s Excess Stablecoin Reserves Reach All-time High

15/05/2023

Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.

Capital / Liquidity

G7 Leaders Pledge to Maintain Resilience of Global Financial System

15/05/2023

The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.