AML / KYC

    Market Infrastructure

    Malaysia Reassures Public After Data Breach at Payments Firm

    By Editors | 15/08/2022

    The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

    AML / KYC

    INTERPOL Launches Global Money Mule Awareness Campaign

    By Editors | 15/08/2022

    The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

    AML / KYC

    INTERPOL Calls for Urgent Action to Tackle Pollution Crime

    By Sanday Chongo Kabange | 12/08/2022

    Document fraud, tax evasion, money laundering and corruption are common components of pollution crimes, which often have a nexus with organised crime.

    AML / KYC

    Former BitMEX Exec to Pay Fine for Violating AML Law

    By Editors | 11/08/2022

    The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

    AML / KYC

    Hong Kong Saw Almost HK$400m in Crypto Scams in H1 2022

    By Editors | 11/08/2022

    Crypt-related scams, job scams and online shopping scams made up the top three types of cybercrimes in Hong Kong in the first half of this year.

    AML / KYC

    Iran Makes First Import Order Using Crypto – Report

    By Editors | 10/08/2022

    By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.

    AML / KYC

    OFAC Sanctions Crypto Mixing Service Tornado Cash

    By Manesh Samtani | 09/08/2022

    The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.

    AML / KYC

    Russia Bars Asset Sales by Investors from Unfriendly Nations

    By Editors | 09/08/2022

    A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.

    AML / KYC

    SEBI Issues Rules on Trading Account Deactivation for Inadequate KYC

    By Editors | 09/08/2022

    Trading or demat accounts will be automatically deactivated if a show-cause notice or order issued by SEBI is undeliverable at the addresses mentioned in KYC records.

    AML / KYC

    FSB Gives Full Support to Wide LEI Use in Global Payments

    By Clare Rowley | 09/08/2022

    The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.

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