AML / KYC

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    Crypto / Digital Assets

    India Has “No Proposal” to Regulate Crypto Beyond Tax, AML

    By Ajoy K Das | 09/08/2024

    MOF official told Parliament the government will coordinate with global standard-setting bodies before considering any measures domestically.

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    AML / KYC

    German Prosecutors Charge Two More Ex-Wirecard Execs

    By Ranamita Chakraborty | 08/08/2024

    The two executives allegedly breached their fiduciary duties by approving unsecured loans that were used to embezzle “several hundred million euros”.

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    AML / KYC

    HKMA Issues Circular on Changes to Tax Reporting Jurisdictions

    By Sanday Chongo Kabange | 08/08/2024

    The HKMA said banks are expected to treat customers fairly and minimise their burden when reporting their tax information.

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    Crypto / Digital Assets

    Australian Police Obtain New Intelligence on Crypto Scams

    By Sanday Chongo Kabange | 08/08/2024

    The AFP identified over 2,000 compromised crypto wallets belonging to Australians by participating in a global anti-scam initiative launched by Chainalysis.

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    AML / KYC

    US, Germany Take Down Illicit Crypto Platform Cryptonator

    By Editors | 08/08/2024

    Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.

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    AML / KYC

    India ED Has Pursued Over 5,000 ML Cases Since 2014

    By Ajoy K Das | 08/08/2024

    Minister of State for Home Affairs Nityanand Rai said 40 convictions have been secured under the the Prevention of Money Laundering Act.

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    AML / KYC

    Revised Anti-Money Laundering Law Takes Effect in Taiwan

    By Manesh Samtani | 08/08/2024

    The amendments introduce criminal penalties for overseas crypto firms that offer services in Taiwan without establishing a local unit and complete an AML registration process.

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    AML / KYC

    We Must Stop the Crime Before It Happens to Stem the Scam Epidemic

    By Chris Sheehan | 07/08/2024

    Our aim must be to stop the crime before it happens, not to simply find an answer once money has been lost, writes NAB’s Chris Sheehan.

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    AML / KYC

    Taiwan FSC Imposes AML Fine on Crypto Firm Rybit

    By Editors | 07/08/2024

    Rybit failed to properly conduct customer risk assessments, confirm customer identities, and retain complete records, among other violations.

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    AML / KYC

    HKMA Expands FINEST Platform to Ten Participating Banks

    By Editors | 07/08/2024

    HKMA’s Raymond Chan said the proposal to expand FINEST to allow sharing of personal account information received broad support.

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