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AML / KYC
FATF Releases Mutual Evaluation Report for Japan
By Manesh Samtani | 30/08/2021
The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
Crypto / Digital Assets
Thai SEC Proposes Rules to Protect Custodied Digital Assets
By Pongnut Thanaboonchai | 30/08/2021
The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.
AML / KYC
FSC Korea Confirms Plans for Dedicated Crypto Bureau at KoFIU
By Manesh Samtani | 26/08/2021
24 of the 63 crypto exchanges operating in Korea have not yet applied for ISMS certification, a KoFIU registration requirement that takes months to obtain.
Fintech / Regtech
US SEC Seeks Regulatory Oversight Over DeFi Platforms
By Pongnut Thanaboonchai | 26/08/2021
SEC chairman Gary Gensler likens DeFi to P2P lending. In 2008, the SEC said promissory notes issued to P2P investors were securities.
AML / KYC
APG Releases 2021 Typologies Report, Case Studies
By Editors | 26/08/2021
The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.
Crypto / Digital Assets
Japan: Crypto Firm Liquid Resumes Services Following $97m Hack
By Editors | 25/08/2021
Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.
Crypto / Digital Assets
The Role of Digital ID in Advancing CBDC Initiatives
By Claus Christensen | 24/08/2021
The presence of digital ID infrastructure can influence the design and roll-out of CBDC initiatives, writes Claus Christensen.
AML / KYC
Upbit Becomes First Crypto Exchange to Register With KoFIU
By Editors | 24/08/2021
Upbit has a partnership with K-bank for real-name verification. One or two more exchanges are expected to register by end-August.
Crypto / Digital Assets
ASIC Warns Against Unlicensed Crypto Derivatives Trading
By Sanday Chongo Kabange | 19/08/2021
ASIC has received reports that investors who used unlicensed crypto-trading platforms have suffered losses due to excessive leverage, platform outages, or unfair liquidations.
AML / KYC
Darkweb Blockchain Analytics Tool Gets Shut Down
By Ranamita Chakraborty | 19/08/2021
A service that was being used by criminals to check whether their own bitcoin wallets were linked to criminal activity has been shut down.
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