AML / KYC

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    Enforcement

    Shanghai Police Uncover Money Laundering via Livestreamers

    By Mark Johnston | 25/05/2023

    Shanghai police have uncovered a scheme involving fraudsters who tipped livestreamers to conceal their illicit funds.

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    AML / KYC

    SG Police Warns of Scams From Scanning QR Codes

    By Karen Ng | 24/05/2023

    The increasing usage of QR codes for cashless payments have led to a spike in phishing scams in Singapore.

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    AML / KYC

    Japan to Enforce Travel Rule for Crypto from 1 June

    By Ranamita Chakraborty | 24/05/2023

    The FSA had already issued rules for travel rule implementation, but a definitive date for enforcement had not been set until now.

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    AML / KYC

    SFC Finalises Licensing Regime for Crypto Trading Platforms

    By Sanday Chongo Kabange | 24/05/2023

    The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

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    AML / KYC

    MAS Bars Insurance Agent for 8 Years After Corruption Conviction

    By Editors | 24/05/2023

    The former AIG and Liberty insurance agent paid bribes to an Indonesian Embassy official and one other individual.

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    Crypto / Digital Assets

    Indian Crypto Firms Call for UPI Access to be Restored

    By Karen Ng | 22/05/2023

    The calls for UPI access to be restored come after India’s government added virtual assets to the country’s Prevention of Money Laundering Act in March.

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    AML / KYC

    Report Warns of Elevated Digital Attacks Rate Throughout 2023

    By Sanday Chongo Kabange | 21/05/2023

    LexisNexis Risk Solutions published a new report showing a 50 percent year-on-year increase in APAC’s payment attack rate.

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    AML / KYC

    FATF President Calls on G7 to Act on Crypto Assets

    By Editors | 19/05/2023

    T Raja Kumar called on the G7 to “lead by example” in fully and effectively implementing the FATF Recommendations on crypto assets.

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    Enforcement

    Deutsche Bank to Settle Jeffrey Epstein Lawsuit for $75m

    By Editors | 19/05/2023

    The lawsuit brought by an unnamed woman in November claimed Deutsche Bank missed red flags in Epstein’s accounts and chose profit over following the law.

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    Enforcement

    US DOJ to Ramp Up Scrutiny of Crypto Platforms – Report

    By Mark Johnston | 18/05/2023

    The DOJ will pursue target crypto exchanges, mixers and tumblers that are enabling criminal actors to profit from their crimes.

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