AML / KYC

AML / KYC

EU Due Diligence Proposal Expected Before end-February

By ESG Investor | 10/02/2022

Investors and companies are urging the European Commission to adopt supply chain scrutiny rules “without further delay”.

AML / KYC

US DOJ Makes Largest Ever Cryptocurrency Seizure

By Sanday Chongo Kabange | 10/02/2022

The DOJ seized a record USD 3.6 billion in bitcoin tied to the 2016 Bitfinex hack, representing the largest financial seizure in its history.

AML / KYC

PBOC Fines MYbank for AML and Other Violations

By Editors | 10/02/2022

MYbank failed to perform customer identification obligations, preserve identity information and transaction records, and report suspicious transactions.

AML / KYC

Thai SEC Calls on Crypto Businesses to Improve Cybersecurity

By Editors | 09/02/2022

The SEC reminds crypto businesses to bolsters their cybersecurity systems, safeguard customer assets, and comply with IT audit and penetration testing requirements.

AML / KYC

ASIC Facing Resistance from Banks on Anti-Scam Measures – Report

By Editors | 09/02/2022

ASIC reportedly decided against including scam prevention as part of its ePayments Code review as a result of “fierce pushback” from major banks.

AML / KYC

GLEIF Publishes Governance Details for Digitally Verifiable LEI

By Manesh Samtani | 08/02/2022

The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.

AML / KYC

AUSTRAC Issues Guidance on Identifying Forced Sexual Servitude

By Editors | 07/02/2022

New financial crime guide provides practical advice to enable banks, businesses, and other FIs to identify and report potential cases of forced sexual servitude.

AML / KYC

Philippines: DOJ, BAP to Collaborate on Combatting Cybercrime

By Ranamita Chakraborty | 07/02/2022

The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.

AML / KYC

Crypto Prepares for a Regulated Future

By David Liu | 07/02/2022

As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.