AML / KYC

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.

AML / KYC

RBI Steps Up Scrutiny of Bank Response to Digital Fraud

By Mark Johnston | 22/07/2023

The RBI is asking lenders about their fraud prevention systems, customer service handles, grievance redressal cells and customer awareness campaigns.

AML / KYC

China Dismantles Online Gambling Ring, Seizes $160m in Crypto

By Editors | 22/07/2023

Police said the scheme involved a “maze-like criminal network” that used virtual assets to launder money overseas.

AML / KYC

BaFin Appoints Special Monitor to Oversee AML Improvements at N26

By Mark Johnston | 21/07/2023

BaFin fined N26 in 2021 but says it still has deficiencies. N26 will be restricted to onboarding no more than 50,000 new customers per month until the deficiencies are resolved.