AML / KYC

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    Crypto / Digital Assets

    Binance, KuCoin to Return to India as Compliant Crypto Exchanges

    By Ajoy K Das | 19/04/2024

    Binance will pay a $2mn penalty and return to India as a registered firm. Kucoin announced its return last month.

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    AML / KYC

    NZBA Calls for Scam Prevention Support from Government

    By Sanday Chongo Kabange | 19/04/2024

    The NZBA wants the government to set anti-scam expectations for other industries in the scam ecosystem besides banking.

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    AML / KYC

    UK Launches Global Initiative to Enhance Corporate Transparency

    By Mark Johnston | 18/04/2024

    The UK government has announced a global call to action for increased transparency in company ownership.

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    AML / KYC

    China Set to Consider Draft Revision to AML Law

    By Editors | 18/04/2024

    The revision will expand the scope of money laundering predicate crimes, raise the penalties for offences, and expand the scope of the law to cover more non-bank entities.

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    AML / KYC

    HKMA Offers New Guidance on Transaction Monitoring

    By Manesh Samtani | 17/04/2024

    The guidance is based on a thematic review of TM systems, which also explored how FIs adopt artificial intelligence to optimise performance.

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    AML / KYC

    Singapore Banks Averted S$72.7m in Scam Losses in 2023: ABS

    By Nithya Subramanian | 17/04/2024

    The ABS has also launched a mascot design competition to encourage wider participation in the ongoing fight against scams.

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    AML / KYC

    Third Man Jailed in Singapore’s Billion Dollar Money Laundering Case

    By Nithya Subramanian | 17/04/2024

    Chinese national Wang Baosen jailed for 13 months and required to forfeit over S$8mn in assets as part of his plea deal.

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    AML / KYC

    Australian Senator Calls on AUSTRAC to Investigate TikTok

    By Nithya Subramanian | 17/04/2024

    TikTok’s platform was allegedly used to transfer money to accounts suspected of being linked to terrorist groups.

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    AML / KYC

    BNM Finalises Policy Requirements for Electronic KYC

    By Mark Johnston | 17/04/2024

    The policy document sets revised requirements and guidance for implementing e-KYC solutions in Malaysia’s financial sector.

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    AML / KYC

    GLEIF Announces First European-based vLEI Issuer

    By Editors | 17/04/2024

    The vLEI is the cryptographically secure digital counterpart of a conventional LEI that can be used to automate business process.

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