AML / KYC

Crypto / Digital Assets

EU Lawmakers Agree on AML Framework for Crypto

By Manesh Samtani | 30/06/2022

Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.

AML / KYC

Canadian Banks Collaborate on KYC Utility Project

By Editors | 30/06/2022

The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.

Enforcement

Korea to Launch Investigation Team to Combat Voice Phishing

By Editors | 30/06/2022

The plan was announced in response to the death of a small business owner who committed suicide after he was scammed out of more than KRW 160 million.

AML / KYC

G7 Nations Announce Ban on Russian Gold Imports

By Manesh Samtani | 30/06/2022

The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

Enforcement

Woori Bank, Crypto Exchange Under Probe for Money Laundering

By Editors | 29/06/2022

This is the first time that a Korean virtual asset exchange and a bank have been used as channels for money laundering, an official said.

AML / KYC

Swiss Criminal Court Convicts Credit Suisse for Money Laundering

By Editors | 29/06/2022

The court said Credit Suisse ignored obvious red flags and did not do enough to prevent a crime syndicate from profiting from cocaine trafficking.

Crypto / Digital Assets

Shenzhen Authorities Issue Warning Against Crypto Speculation

By Editors | 28/06/2022

Domestic staff of overseas crypto exchanges and others engaging in crypto-related business will be investigated.

AML / KYC

Sanctions Force Russian Sovereign Debt Default

By Editors | 28/06/2022

Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

AML / KYC

AUSTRAC Updates Guidance on Reporting Cash Transactions

By Editors | 28/06/2022

When a customer makes multiple cash transactions of A$10,000 or more, each individual transaction is considered a separate and distinct designated service.