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Crypto / Digital Assets
VASPs Propose Measures to Improve Regulatory Mechanisms for Crypto
By Editors | 28/11/2022
The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.
AML / KYC
DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation
By Editors | 28/11/2022
Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.
AML / KYC
EU States Start Closing Access to Beneficial Owners Registers
By Manesh Samtani | 28/11/2022
Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.
AML / KYC
Authorities from Ten Countries Take Down Spoofing Website
By Editors | 28/11/2022
Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.
AML / KYC
Bangladesh Bank Call on Banks to Address Trade Mis-Invoicing
By Editors | 25/11/2022
Bangladesh Bank calls on banks and NBFIs to help stop over- and under-invoicing as they are causing the government to lose revenue and foreign currency.
Crypto / Digital Assets
INTERPOL Operation Sees $129m in Crypto Assets Seized
By Editors | 25/11/2022
Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.
AML / KYC
HKMA, Cyberport Host Third AML Regtech Lab
By Sanday Chongo Kabange | 25/11/2022
The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.
AML / KYC
AUSTRAC Directs ING Australian Units to Uplift AML/CTF
By Editors | 24/11/2022
Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.
Press Release
Regulation Asia Awards for Excellence 2022 – Results Announcement
By Editors | 23/11/2022
Regulation Asia held its fifth annual Awards ceremony on 22 November 2022. Here we explain our methodology and announce the winners for the year.
AML / KYC
UK Parliamentary Report Calls for Overhaul of Approach to Fraud
By Manesh Samtani | 21/11/2022
The report says “failure to prevent fraud” should be introduced as a new corporate criminal offence, along with significant financial penalties.
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