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AML / KYC
Hong Kong Publishes ML/TF Risk Assessment Report
By Manesh Samtani | 12/07/2022
The most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.
Crypto / Digital Assets
FSB Issues Statement on Crypto Assets Ahead of G20 Meeting
By Editors | 11/07/2022
The statement clarifies that so-called stablecoins and other crypto-assets “do not operate in a regulation-free space”.
Crypto / Digital Assets
Fed Vice Chair Calls for Swift Action on Crypto Regulation
By Editors | 11/07/2022
This is the right time to establish which crypto activities are permissible for regulated entities and under what constraints, Lael Brainard said.
Crypto / Digital Assets
US Treasury Outlines Approach to International Engagement on Crypto
By Editors | 11/07/2022
The US will promote the adoption and implementation of international standards while ensuring a “coordinated message” and limiting duplication of work.
Crypto / Digital Assets
Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes
By Editors | 08/07/2022
Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.
Crypto / Digital Assets
IOSCO Outlines Planned Work to Address Crypto Market Risks
By Editors | 07/07/2022
The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.
Crypto / Digital Assets
South Korea Launches First Crypto Bank Service
By Editors | 07/07/2022
The “crypto bank” offers multiple financial services for crypto assets including deposits, loans, asset transactions, and withdrawals.
Crypto / Digital Assets
Chinese Bigtechs Pledge to Prevent, Deter NFT Speculation
By Editors | 07/07/2022
Tencent and Ant Group are among those that have pledged to adhere to China’s crypto ban and prevent speculation on platforms that deal in ‘digital collectibles’.
Crypto / Digital Assets
Japanese Brokerages to Launch Digital Token Operations – Report
By Editors | 07/07/2022
Nomura and SBI will invest in and offer services to support startups and other companies that are looking to raise funds using digital tokens.
Crypto / Digital Assets
Crypto Industry Seeks Public Sector Support on Sanctions Issues
By Manesh Samtani | 06/07/2022
More than 15 million crypto addresses have been linked to criminal activity with a nexus in Russia, a new GDF report says.
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