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AML / KYC
EBA Calls for Harmonised AML/CFT Framework Across EU
By Editors | 10/09/2020
Responding to a European Commission call for advice, the EBA says it recommends the establishment of a single rulebook to harmonise the AML/CFT framework across the EU.
AML / KYC
SWIFT Details How Cyber Criminals Encash Stolen Funds
By Editors | 03/09/2020
In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.
Crypto / Digital Assets
Seoul Police Raid Crypto Exchange Bithumb Over Fraud Allegations
By Sanday Chongo Kabange | 03/09/2020
Police reportedly raided South Korea’s largest crypto exchange and confiscated data in connection with a fraud investigation involving the pre-sale of BXA tokens to investors.
Crypto / Digital Assets
SGX to Launch Crypto Indices as Part of iEdge Index Suite
By Manesh Samtani | 01/09/2020
The first batch of new crypto indices will track Bitcoin and Ethereum, and are expected to drive exposures to digital assets in Asia.
Crypto / Digital Assets
SGX Completes Asia’s First Digital Syndicated Public Corporate Bond
By Editors | 01/09/2020
SGX’s vision is to fully digitalise the end-to-end corporate bond issuance and asset servicing process, according to senior managing director Lee Beng Hong.
AML / KYC
US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
By Manesh Samtani | 31/08/2020
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
Crypto / Digital Assets
Brokers Push Back Against ASIC Proposal to Limit CFD Leverage
By Editors | 30/08/2020
Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.
AML / KYC
US Agencies Warn of North Korean ATM Cash-out Threat
By Manesh Samtani | 30/08/2020
The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.
Crypto / Digital Assets
Malaysia, Indonesia Regulators Sign Fintech Cooperation Pact
By Sanday Chongo Kabange | 24/08/2020
The agreement aims to facilitate information sharing, provide joint innovation opportunities, and facilitate cross-border referrals of fintech businesses.
AML / KYC
SFC Grants In-principle Approval to Virtual Asset Trading Platform
By Editors | 23/08/2020
Once conditions for final approval are satisfied, OSL will be able allowed to operate a brokerage and automated trading service for digital assets.
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