AML / KYC

    AML / KYC

    FATF Re-rates UK for Progress on Correspondent Banking

    By Editors | 14/06/2022

    The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.

    AML / KYC

    Japan, Singapore to Explore Mutual Recognition of Digital Identity

    By Editors | 14/06/2022

    Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.

    AML / KYC

    IMF Calls on Philippines to Enhance AML Supervision

    By Sanday Chongo Kabange | 14/06/2022

    Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

    AML / KYC

    Japan Ministry Seeks Powers to Confiscate Crypto Assets

    By Editors | 12/06/2022

    Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

    AML / KYC

    FATF Issues Report on Digital Tools for Law Enforcement

    By Editors | 12/06/2022

    The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.

    AML / KYC

    OFAC Blocks Secondary Market Trading in Russian Debt, Equity

    By Editors | 12/06/2022

    To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.

    AML / KYC

    BNM Directs Banks to Enhance Fraud Risk Controls

    By Editors | 12/06/2022

    BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.

    AML / KYC

    DOJ Calls for Stronger International Cooperation on Crypto Crime

    By Editors | 08/06/2022

    The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.

    Crypto / Digital Assets

    US Senators Propose Regulatory Framework for Crypto Assets

    By Manesh Samtani | 08/06/2022

    The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.

    AML / KYC

    GCFFC Forms New Technology Experts Working Group

    By Editors | 08/06/2022

    The working group will identify areas of the fighting financial crime ecosystem that would benefit most from available technology upgrades.

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