AML / KYC

    AML / KYC

    US Warns Against Inadvertent Hiring of DPRK IT Workers

    By Editors | 19/05/2022

    North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.

    AML / KYC

    Philippines Passes Law to Enhance Financial Consumer Protections

    By Sanday Chongo Kabange | 19/05/2022

    The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.

    AML / KYC

    US Charges Crypto CEO for Fraudulent Investment Scheme

    By Mark Johnston | 19/05/2022

    Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

    AML / KYC

    US Warns Foreign Banks Against Facilitating Sanctions Evasion

    By Editors | 18/05/2022

    Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.

    AML / KYC

    US Treasury Outlines Plans to Combat Illicit Finance

    By Editors | 17/05/2022

    Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.

    AML / KYC

    NSW Ministers Working on New AML Laws – Report

    By Editors | 17/05/2022

    The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.

    AML / KYC

    HK Police Arrest 17 for Using Virtual Banks to Launder Money

    By Editors | 16/05/2022

    The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.

    AML / KYC

    Myanmar Govt Charges Ex-Central Bank Official with Corruption

    By Editors | 16/05/2022

    Former CBM deputy governor U Bo Bo Nge is being charged by the military government on allegations that caused losses to the government.

    AML / KYC

    ISDA AGM Highlights Global Scrutiny of Crypto Sector

    By Manesh Samtani | 14/05/2022

    Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.

    Market Infrastructure

    UK Unveils Legislative Agenda for Financial Services, Markets

    By Manesh Samtani | 12/05/2022

    The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.

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