AML / KYC

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.

AML / KYC

Countries Should Ensure Capital Controls Cover Crypto: IMF

By Editors | 12/05/2022

A new IMF paper calls on policymakers to preserve the effectiveness of capital controls by clarifying the legal status of crypto assets.

AML / KYC

Wolfsberg Group Offers Guidance on Adverse Media Screening

By Editors | 12/05/2022

New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.

AML / KYC

Indian AML Investigators Threatened, Coerced Xiaomi Execs – Reports

By Editors | 11/05/2022

In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.

AML / KYC

The EU’s MiCA Races to Create a Regulatory Superhighway

By Ari Redbord | 11/05/2022

Ari Redbord outlines what crypto-asset service providers need to understand as discussions continue on an EU-wide regulatory framework for crypto.

AML / KYC

Bangladesh Bank Opens RTGS to NBFI Participation

By Editors | 11/05/2022

Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers’ bank accounts.

AML / KYC

MONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering

By Mark Johnston | 11/05/2022

Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing “heavy” manipulation.