Crypto / Digital Assets

Crypto / Digital Assets

NZ FMA Warns Influencers Against Providing Financial Advice

By Ranamita Chakraborty | 30/06/2021

Social media influencers do not want to find themselves caught offering advice they’re not qualified or authorised to give, warns FMA chief Rob Everett.

AML / KYC

FATF Issues Guidance on Mitigating Proliferation Financing Risk

By Manesh Samtani | 29/06/2021

The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.

Crypto / Digital Assets

HKEX Names Firms Piloting New Stock Connect Settlement Platform

By Sanday Chongo Kabange | 28/06/2021

BNP Paribas, Citibank, CSOP Asset Management, Invesco, Northern Trust, State Street, Standard Chartered, BNY Mellon and HSBC will join the HKEX Synapse pilot.

Crypto / Digital Assets

ASIFMA Spotlights Tokenised Securities in New Paper

By Manesh Samtani | 27/06/2021

The paper calls on regulators to issue more guidance on the classification of tokens and modernise paper-based requirements in securities markets.

AML / KYC

FATF Plenary Packs Powerful Punch

By Manesh Samtani | 25/06/2021

The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.

AML / KYC

Korean Officials Seize Cryptocurrency from Tax Evaders

By Editors | 23/06/2021

Investigators had to compare tax evaders’ mobile phone numbers against those registered at crypto exchanges in order to track down their account details.

AML / KYC

PBOC Directs Banks & Alipay to Stamp Out Crypto Activity

By Manesh Samtani | 22/06/2021

Financial institutions are asked to identify the capital accounts of crypto exchanges and OTC dealers, and cut off their payment channels.

Fintech / Regtech

China’s Sichuan Province Bans Crypto Mining Activity

By Sanday Chongo Kabange | 22/06/2021

Over 90% of China’s bitcoin mining capacity has effectively been shut down, after bans were imposed in key mining hubs in the country.

Crypto / Digital Assets

Indian Banks to Develop Blockchain System for LCs

By Ranamita Chakraborty | 21/06/2021

The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.