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AML / KYC
US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack
By Editors | 19/04/2022
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
Fintech / Regtech
China: Industry Bodies Warn of NFT-related Financial Risks
By Editors | 17/04/2022
China’s internet finance, banking and securities associations have outlined six measures to curb “NFT financialisation and securitisation” and prevent NFT-related illegal activity.
AML / KYC
GCFFC Task Force to Drive Sanctions Compliance in Crypto
By Editors | 17/04/2022
The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.
AML / KYC
FSA Offers Update on Work to Strengthen Japan’s AML System
By Manesh Samtani | 17/04/2022
Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.
Crypto / Digital Assets
Australia: Regulatory Hurdles Delay Rollout of CBA Crypto Services
By Mark Johnston | 15/04/2022
ASIC is using its design and distribution powers to ensure CBA customers are provided the right level of disclosures around crypto product risks.
Fintech / Regtech
PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs
By Sanday Chongo Kabange | 14/04/2022
The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.
Crypto / Digital Assets
ASEAN Ministers, Central Banks Prioritise Financial Stability, Inclusion
By Sanday Chongo Kabange | 14/04/2022
Finance ministers and central bankers have committed to promoting financial stability, financial inclusion and banking integration in the ASEAN region.
Crypto / Digital Assets
Nasdaq Publishes Guide on Global Crypto Regulation
By Editors | 14/04/2022
Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.
AML / KYC
Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto
By Editors | 14/04/2022
The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.
AML / KYC
Crypto Firms and Sanctions: Five Tools for Compliance
By Manesh Samtani | 12/04/2022
Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.
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