Crypto / Digital Assets

AML / KYC

Good Intentions: The FATF Faces Its Own Unintended Consequences

By Tom Keatinge | 08/08/2021

The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.

AML / KYC

China’s Opposition to Cryptocurrency is Ideological – Report

By Manesh Samtani | 05/08/2021

A new Chainalysis report explains China’s crackdown on cryptocurrency, the country’s role in crypto-related crime, and the implications of a digital yuan.

AML / KYC

Korean Crypto Exchanges Start to Close Amid Regulatory Pressure

By Editors | 04/08/2021

Up to 11 cryptocurrency exchanges in Korea are planning to shut down after their deposit accounts were linked to fraudulent activities.

AML / KYC

Bangladesh Bank Reiterates Ban on Cryptocurrency

By Sanday Chongo Kabange | 04/08/2021

Bangladesh Bank sought to clarify its stance after reports emerged suggesting that crypto transactions are only illegal if they are linked to other crimes.

AML / KYC

Crypto Crime Reaches Record Levels in Hong Kong

By Editors | 04/08/2021

Victims lost HK$214m in cryptocurrency crimes in the first half of 2021, compared to HK$114.4mn across all of 2020.

Crypto / Digital Assets

PBOC Sets Out Action Plan for Second Half of 2021

By Sanday Chongo Kabange | 04/08/2021

Key focus areas include promoting a greener financing system, resolving major financial risks, promoting financial opening-up, and cracking down on crypto trading.

AML / KYC

US House Bill Offers Regulatory Framework for Crypto

By Manesh Samtani | 02/08/2021

The bill would give the SEC authority over digital asset securities, the CFTC authority over digital assets, and the Fed authority to issue a digital dollar.

Crypto / Digital Assets

UPDATED – MAS Grants “In-Principle Approval” to First DPT Provider

By Manesh Samtani | 02/08/2021

MAS has clarified that notices have been issued to several applicants and that “in-principle approval” is not an official term.

AML / KYC

Fighting Financial Crime with Advanced Technologies

By Ashish Rai | 02/08/2021

AI and machine learning make it easier for firms to spot suspicious behavior and reduce false positives, but adoption is not without challenges, says Ashish Rai.