AML / KYC

    AML / KYC

    HK Gov Issues Discussion Paper on Proposed VASP Regime

    By Manesh Samtani | 11/02/2022

    Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.

    AML / KYC

    Wash Trading Undermines Trust in NFT Markets: Report

    By Manesh Samtani | 10/02/2022

    Wash trading profits are likely derived from sales to “unsuspecting buyers”, who believe the NFTs they purchase have been growing in value.

    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.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.