AML / KYC

AML / KYC

Turkish Authorities Seize FTX Assets Amid Criminal Probe

By Editors | 29/11/2022

Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.

Crypto / Digital Assets

VASPs Propose Measures to Improve Regulatory Mechanisms for Crypto

By Editors | 28/11/2022

The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.

AML / KYC

DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation

By Editors | 28/11/2022

Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.

AML / KYC

EU States Start Closing Access to Beneficial Owners Registers

By Manesh Samtani | 28/11/2022

Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.

AML / KYC

Authorities from Ten Countries Take Down Spoofing Website

By Editors | 28/11/2022

Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.

AML / KYC

Bangladesh Bank Call on Banks to Address Trade Mis-Invoicing

By Editors | 25/11/2022

Bangladesh Bank calls on banks and NBFIs to help stop over- and under-invoicing as they are causing the government to lose revenue and foreign currency.

Crypto / Digital Assets

INTERPOL Operation Sees $129m in Crypto Assets Seized

By Editors | 25/11/2022

Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.

AML / KYC

HKMA, Cyberport Host Third AML Regtech Lab

By Sanday Chongo Kabange | 25/11/2022

The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.

AML / KYC

AUSTRAC Directs ING Australian Units to Uplift AML/CTF

By Editors | 24/11/2022

Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.