AML / KYC

German Prosecutors Search BNP Paribas Offices in Cum-Ex Probe

By Editors | 27/01/2023

The investigation also involves searches of private residences, focusing on 58 suspects who were or are professionally active for the bank.

AML / KYC

Ex-FBI Agent Charged for Money Laundering, Sanctions Violations

By Editors | 27/01/2023

The former FBI agent conspired with a former Russian diplomat to help Oleg Deripaska have his sanctions removed.

AML / KYC

Crypto Exchange Coinbase Fined in the Netherlands

By Editors | 26/01/2023

The DNB said Coinbase was offering services to Dutch users before it was formally registered as required by local laws.

AML / KYC

UK FCA Offers Guidance on Crypto Business Registration

By Editors | 26/01/2023

The guidance draws from over 300 applications received by the FCA to date, to help crypto firms prepare their applications for registration.

AML / KYC

France Maintains Public Access to Beneficial Owners Register

By Editors | 25/01/2023

The French government plans to define the future methods of access “soon”, taking into account the November decision by the CJEU.

Crypto / Digital Assets

Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests

By Editors | 25/01/2023

Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.

AML / KYC

US SEC Fines Crypto Firm Nexo for Unregistered Securities Offering

By Manesh Samtani | 20/01/2023

Nexo settled charges from US regulators for $45mn. The company was separately raided by Bulgarian authorities last week.

AML / KYC

German Prosecutors Search Norton Rose Offices in Cum-Ex Probe

By Editors | 20/01/2023

A former staff member of Norton Rose Fulbright is said to be a suspect in the tax fraud probe, which dates back more than a decade.

AML / KYC

HKMA Consults on Changes to AML/CFT Guideline for Banks

By Manesh Samtani | 19/01/2023

Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.

AML / KYC

Authorities Dismantle Russia-Linked Crypto Firm Bitzlato

By Manesh Samtani | 18/01/2023

Bitzlato facilitated $700mn in crypto transfers for Hydra users and received more than $15mn in ransomware proceeds.

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