AML / KYC

CFTC Commissioner Calls for Creation of National Financial Fraud Registry

By Sanday Chongo Kabange | 12/09/2023

Commissioner Christy Goldsmith Romero says a centralised national financial fraud registry would enable the public to protect themselves from fraudsters.

AML / KYC

No Place to Hide: US Court Upholds Sanctions on Decentralised Crypto Platform

By James Gillespie | 11/09/2023

RUSI’s James Gillespie discusses what the Tornado Cash case means for holding DeFi platforms accountable under AML and sanctions laws.

Enforcement

CFTC Penalises Three DeFi Operators for Offering Services Illegally

By Editors | 11/09/2023

Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.

AML / KYC

FinCEN Issues Alert on “Pig Butchering” Scams

By Editors | 11/09/2023

FinCEN provides red flags to help in the identification of pig butchering activity so that FIs can report this activity and enable law enforcement to track down the perpetrators.

AML / KYC

Taiwan Digital Ministry Announces New Anti-Fraud Measures

By Editors | 09/09/2023

The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.

AML / KYC

Former CBIRC Official Expelled from CCP for Corruption

By Editors | 08/09/2023

Zhang Yansen interfered in personnel arrangements of financial institutions, accepted bribes and used his influence inappropriately.

AML / KYC

UK to Designate Wagner Group as Terrorist Organisation

By Sanday Chongo Kabange | 07/09/2023

The draft order to proscribe Wagner Group is expected to pass in Parliament and come into force on 13 September.

AML / KYC

Taiwan Set to Issue New Regulatory Guidelines for Crypto Sector

By Editors | 07/09/2023

The guidelines will prohibit unregistered overseas firms from operating in and soliciting business from Taiwan.

AML / KYC

UK FCA Launches Review of Treatment of PEPs

By Editors | 07/09/2023

The FCA said it will take “prompt action” if any significant deficiencies are identified in the arrangements of any firm assessed in the review.

AML / KYC

Foreign Ownership of UK Property Still Not Transparent, Despite Reforms

By Manesh Samtani | 07/09/2023

The biggest reason for missing or inaccessible information on beneficial owners is the use of trusts, according to new research.

JOIN OUR NEWSLETTER

A daily selection of top stories from the Regulation Asia editorial team