AML / KYC

AML / KYC

Court Ruling Requires PayPal to Comply With AML Laws in India

By Editors | 25/07/2023

The court dismissed a monetary penalty previously imposed on PayPal for failure to comply with the reporting obligations under the PMLA.

AML / KYC

Thailand Launches Initiative to Fight Investment Fraud

By Ranamita Chakraborty | 25/07/2023

The Stock Exchange of Thailand along with the Thai capital market sector, business organisations and government agencies will work together to protect investors and the public from scams.

AML / KYC

Disgraced Former CSRC Official Has a New Job at PBOC – Report

By Editors | 25/07/2023

Former CSRC chief Liu Shiyu was previously punished for using his position and power to seek personal gains for others.

Crypto / Digital Assets

Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal

By Manesh Samtani | 24/07/2023

The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.

AML / KYC

Worldcoin Crypto Project Officially Launches

By Editors | 24/07/2023

The project uses a small device called an “orb” to scan people’s eyeballs in order to generate a unique digital identity.

AML / KYC

US DOJ Elevates Crypto Enforcement Team Within Criminal Division

By Manesh Samtani | 24/07/2023

NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.

AML / KYC

Australia’s New Anti-Scam Centre Holds First Advisory Board Meeting

By Editors | 24/07/2023

The Advisory Board agreed to develop a naming convention for scams that will underpin the data sharing and analytics needed to disrupt scams.

AML / KYC

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

By Editors | 23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.

AML / KYC

HK ADCC Prevented Nearly HK$12bn of Fraud Losses in Six Years

By Mark Johnston | 22/07/2023

HK’s Anti-Deception Coordination Centre has prevented HKD 11.79 billion from falling into the hands of fraudsters since the unit was set up about six years ago.