AML / KYC

AML / KYC

GLEIF Launches vLEI Issuer Qualification Programme

By Manesh Samtani | 07/07/2022

The vLEI is a digital version of the LEI which can be securely verified online against the source information held in GLEIF’s data repository.

Crypto / Digital Assets

Crypto Industry Seeks Public Sector Support on Sanctions Issues

By Manesh Samtani | 06/07/2022

More than 15 million crypto addresses have been linked to criminal activity with a nexus in Russia, a new GDF report says.

AML / KYC

Puerto Rico Forces Closure of Bank Involved in Global Tax Probe

By Manesh Samtani | 06/07/2022

Peter Schiff’s Euro Pacific Bank was forced to close over capital shortfall and regulatory violations. The bank has been at the centre of a global tax evasion probe.

AML / KYC

EU Council Agrees Position on Bloc-Wide AML Authority

By Editors | 06/07/2022

The AMLA will directly supervise certain types of credit and financial institutions, including crypto asset service providers, starting in 2026.

AML / KYC

UK Sanctions More Russians, Restricts More Belarusian Trade

By Editors | 06/07/2022

Last week, the UK Parliament’s Foreign Affairs Committee published a report calling on the government to “act now” to tackle the flow of illicit finance through London.

Enforcement

Korea FSS Expands Banking Industry Probe into FX Trading

By Editors | 06/07/2022

The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.

AML / KYC

New Zealand DIA Publishes Guidance on AML/CFT Approach & Strategy

By Sanday Chongo Kabange | 06/07/2022

The first publication covers the DIA’s approach to regulating AML/CFT. The second outlines how the DIA uses its compliance and enforcement toolkit.

Fintech / Regtech

AUSTRAC Issues Update on Reporting System Enhancements

By Editors | 05/07/2022

AUSTRAC has commenced development of a new CRM platform which will enable it develop enhanced self-service capabilities in AUSTRAC Online.

AML / KYC

BSP Reiterates Calls for FIs to Enhance Anti-Fraud Measures 

By Editors | 05/07/2022

The BSP has vowed to intensify monitoring and surveillance of the financial industry to ensure they “remain responsive to emerging risks”.