AML / KYC

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    Crypto / Digital Assets

    GDF Consults on Wolfsberg-style DDQ for VASPs

    By Editors | 18/04/2023

    The questionnaire is intended for use by VASPs and other financial institutions including banks for onboarding VASPs.

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    AML / KYC

    GLEIF Maps LEIs to Records in OpenCorporates Database

    By Editors | 18/04/2023

    The mapping exercise will ensure the “highest quality reference data” is quickly and easily available to all, said GLEIF CEO Stephan Wolf.

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    AML / KYC

    New Singapore Bills Target Money Mules, Singpass Abuse

    By Manesh Samtani | 18/04/2023

    The MHA and SNDGO proposed amendments that will empower the police to prosecute money mules and those who sell and trade Singpass credentials.

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    AML / KYC

    Wolfsberg Group Issues Anti-Bribery & Corruption Guidance

    By Editors | 18/04/2023

    The Guidance is to help FIs develop and implement compliance programmes to prevent, detect, and report acts of bribery and corruption.

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    AML / KYC

    Australia Saw 80pc YoY Jump in Scam Losses in 2022

    By Editors | 18/04/2023

    Australians lost more to scams than ever before in 2022. Losses per victim rose by more than 50% to an average of almost A$20,000.

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    AML / KYC

    Australia Revisits ‘Tranche 2’ AML Reforms – Report

    By Editors | 17/04/2023

    The government is expected to settle its position on AML reforms this month that could cover the real estate, accounting and legal professions.

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    AML / KYC

    Hong Kong Police Bust SIM Card Fraud Ring Linked to Triads

    By Mark Johnston | 16/04/2023

    The suspects registered SIM cards with fake IDs and sold them to scammers who created social media accounts to lure victims.

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    AML / KYC

    Working Group Formed to Update Crypto’s IVMS101 Standard

    By Manesh Samtani | 16/04/2023

    The working group will update the IVMS101 standard and develop other standards to create “greater consistency and integrity” within the crypto ecosystem.

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    AML / KYC

    US Sentences Man Who Stole Bitcoin from Silk Road to Prison

    By Mark Johnston | 15/04/2023

    The DOJ said James Zhong executed a scheme to trick Silk Road’s withdrawal system and steal 50,000 Bitcoin in 2012.

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    AML / KYC

    OFAC Sanctions Chinese Entities in Fentanyl Supply Chain

    By Editors | 14/04/2023

    The Chinese individuals and companies were allegedly involved in supplying drug cartels with ingredients to make opioids for sale in the US.

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