CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

OECD Paper Identifies Regulatory Issues in Asset Tokenisation

By Editors | 27/01/2021

As markets for tokenised assets develop and grow in size, so too will the need to safeguard investors, consumers and financial stability.

Crypto / Digital Assets

Tokyo Police Arrest 31 Individuals Over 2018 Coincheck Heist

By Editors | 25/01/2021

The suspects were found to have traded stolen cryptocurrency on an underground exchange that emerged on the dark web following the Coincheck heist.

AML / KYC

BSP Highlights AML Risks of Cash, Cross-Border Payments

By Editors | 24/01/2021

Suspected criminal proceeds mostly came from Australia, Germany, Singapore, the UK and the US. The top destinations of suspected illicit funds were Hong Kong, Singapore and the US.

AML / KYC

Anti-Money Laundering a Priority for Incoming Treasury Secretary Yellen

By Manesh Samtani | 24/01/2021

Incoming Treasury Secretary Janet Yellen thanked Congress for passing the AMLA, widely considered to be the most significant overhaul of AML legislation in the US since 2001.

Crypto / Digital Assets

SGX, Temasek Partner on Digital Asset Infrastructure in Capital Markets

By Editors | 23/01/2021

A new JV will use blockchain-based technologies to provide an issuance-to-settlement network for Asia bonds, funds and sustainable finance products.

Crypto / Digital Assets

SET Announces Three Year Plan to Bolster Capital Market

By Editors | 17/01/2021

The SET will increase fundraising opportunities for local and foreign firms, promote ESG reporting, and add more products with international exposure.

AML / KYC

Japan Regulators Order Crypto Exchange to Improve AML Systems

By Editors | 02/01/2021

Avacus Co Ltd must build an AML/CTF risk management system that ensures transactions are confirmed and recorded at the time of transaction.

Crypto / Digital Assets

IOSCO Offers Guidance on Educating Investors on Crypto Asset Risk

By Editors | 29/12/2020

The report identifies the possible risks to retail investors in crypto-assets and describes how regulators can help inform them about these risks.

AML / KYC

UPDATED – FinCEN Proposes Reporting, Recordkeeping Rules for Crypto

By Editors | 23/12/2020

Under the proposed rule, FIs will have to keep records of customers’ crypto transactions and counterparties, and whether they are using unhosted wallets.