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Crypto / Digital Assets
UK Crypto Firms Required to Comply with Travel Rule by Sep 2023
By Manesh Samtani | 20/06/2022
The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
AML / KYC
CBIRC Warns of Online Fraudsters Impersonating Regulators
By Editors | 19/06/2022
This is the fourth fraud risk warning issued by the CBIRC this year. Consumers are asked to remain vigilant and report fraud attempts.
AML / KYC
FATF Concludes Final Plenary Under German Presidency
By Editors | 19/06/2022
FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.
AML / KYC
EBA Finalises Guidance for AML/CFT Compliance Officers
By Editors | 19/06/2022
The guidelines comprehensively address, for the first time at the EU level, the whole AML/CFT governance set-up at financial institutions.
AML / KYC
SFC Fines China Everbright Securities for AML/CFT Violations
By Editors | 16/06/2022
Unrelated clients received deposits from the same third party within four days, and then used the funds to trade in the same stock.
AML / KYC
Singapore Trade Finance Registry to Go Live in Q4
By Editors | 16/06/2022
The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.
AML / KYC
UK OFSI Gets Stronger Powers to Punish Sanctions Breaches
By Editors | 16/06/2022
OFSI will no longer have to prove a person had knowledge or reasonable cause to suspect they were in breach of sanctions to impose a civil penalty.
AML / KYC
US, UK to Jointly Promote Privacy-Enhancing Tech for AML
By Editors | 15/06/2022
The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.
AML / KYC
Australian Federal Police Sets Sights on Italian Crime Groups
By Editors | 15/06/2022
Australian Police will use data obtained during Operation Ironside to target Italian organised crime syndicates for drug trafficking and money laundering.
AML / KYC
FATF Joins UN Counter-Terrorism Coordination Compact
By Editors | 14/06/2022
Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.
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