AML / KYC

    AML / KYC

    US SEC Fines Wells Fargo Advisors $7m for AML Failures

    By Editors | 24/05/2022

    Wells Fargo Advisors was fined for failing to timely file 34 SARs. This is the second BSA action against the firm in the last five years.

    AML / KYC

    G7 Urges FSB to Swiftly Develop Regulations for Crypto

    By Manesh Samtani | 22/05/2022

    FSB asked to “advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers”.

    AML / KYC

    Crypto Firms Launch Scam Reporting Platform: Chainabuse

    By Editors | 22/05/2022

    Chainabuse is backed by TRM Labs, Solana Foundation, Circle, OpenSea, Binance, The Aave Companies, CIVIC, and Hedera.

    AML / KYC

    Fugitive Former Banker from Bangladesh Arrested in India

    By Editors | 22/05/2022

    PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.

    AML / KYC

    Australia: FSC Calls for Measures to Stop Online Scam Ads

    By Editors | 22/05/2022

    The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.

    AML / KYC

    ASIC Cautions Against Purchasing ‘Fake Green Bonds’

    By Editors | 21/05/2022

    ASIC says retail investors who are approached to invest in green bonds should ask their banks for help to check the legitimacy of the offer.

    AML / KYC

    US Federal Court Declares Crypto Subject to Sanctions Laws

    By Mark Johnston | 20/05/2022

    A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.

    AML / KYC

    US Warns Against Inadvertent Hiring of DPRK IT Workers

    By Editors | 19/05/2022

    North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.

    AML / KYC

    Philippines Passes Law to Enhance Financial Consumer Protections

    By Sanday Chongo Kabange | 19/05/2022

    The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.

    AML / KYC

    US Charges Crypto CEO for Fraudulent Investment Scheme

    By Mark Johnston | 19/05/2022

    Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

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