AML / KYC

    AML / KYC

    OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses

    By Editors | 09/05/2022

    Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.

    AML / KYC

    EU Oil Embargo Opens Possibilities for Further Sanctions – Report

    By Editors | 09/05/2022

    The US could enforce secondary sanctions against designated Russian entities and individuals, which would threaten anyone transacting with Russia.

    AML / KYC

    US, UK Include Professional Services in New Russia Sanctions

    By Manesh Samtani | 09/05/2022

    New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations

    AML / KYC

    UK Gov Removes Key Sanctions List Format Without Notice

    By Manesh Samtani | 08/05/2022

    The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.

    AML / KYC

    US Court Orders BitMEX Co-Founders to Pay $30m in Fines

    By Editors | 08/05/2022

    The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.

    AML / KYC

    Central African Republic Adopts Bitcoin as Legal Tender

    By Editors | 06/05/2022

    The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.

    Fintech / Regtech

    J5 Publishes Red Flag Indicators to Address NFT Risks

    By Editors | 05/05/2022

    Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.

    AML / KYC

    NYDFS Issues Guidance Recommending Use of Blockchain Analytics

    By Editors | 05/05/2022

    The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.

    AML / KYC

    European Commission Proposes Complete Ban on Russian Oil

    By Editors | 05/05/2022

    Three more Russian banks will be removed from SWIFT, three broadcasters will be blocked, and more military officers and individuals will be sanctioned.

    AML / KYC

    BSP Sanctions BDO, UBP Over Unauthorised Bank Transfers

    By Editors | 04/05/2022

    The BSP said it has completed its investigation into the incident and sanctioned both BDO Unibank and UBP, but it did not specify the penalties.

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