AML / KYC

AML / KYC

MAS Requiring Family Office Applicants to Respond to Queries Faster

By Ranamita Chakraborty | 27/03/2024

A 30-day deadline is being reportedly imposed for responses to queries from the regulator. Late responses could result in application dismissal.

Crypto / Digital Assets

US Authorities Announce Charges Against Crypto Exchange KuCoin

By Editors | 27/03/2024

Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.

AML / KYC

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.

AML / KYC

Bring Environmental Crime Back into Policy Spotlight: World Bank

By Editors | 26/03/2024

World Bank blog post calls for increased coordination between money-laundering prevention and environmental protection agencies.

AML / KYC

BSP Issues New Manual of Regulations for Payment Systems

By Sanday Chongo Kabange | 26/03/2024

​The manual sets out rules and regulations governing the operations of the national payment system, as well as payment providers.

AML / KYC

HK-based Certizen Technology Becomes LEI Validation Agent

By Editors | 26/03/2024

Certizen Technology’s new status will help to ease and streamline LEI issuance, allow LEI data elements to be embedded in digital certificates, and help promote cross-border trade.

AML / KYC

Achieving Effectiveness in AML is a Shared Mission: HKMA’s Carmen Chu

By Bradley Maclean | 25/03/2024

Ms Carmen Chu discusses Hong Kong’s threat landscape, HKMA’s efforts to improve industry effectiveness, and key messages for FIs on collaboration and the use of technology.

AML / KYC

Crypto Firm OKX to Cease Services in India, Citing Regulations

By Ajoy K Das | 25/03/2024

OKX said it will cease operations in the country due to “local regulations directed at offshore exchanges that make CeFi trading available in India”.

AML / KYC

Malaysia Sees 5x Increase in Online Financial Scam Reports

By Ranamita Chakraborty | 22/03/2024

BNM is working with the financial sector and law enforcement on improving fund tracing, disrupting fraudulent fund flows, and raising awareness.