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AML / KYC
GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI
By Editors | 12/02/2021
The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.
Crypto / Digital Assets
AFCA Compels NAB to Repay Scammed Customers – Report
By Editors | 10/02/2021
The bank had to repay over A$200,000 to an elderly couple after it was unable to produce records showing it had warned them about a cryptocurrency scam.
Crypto / Digital Assets
SEC Thailand Orders Crypto Exchange to Suspend Client Onboarding
By Ranamita Chakraborty | 08/02/2021
Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.
Crypto / Digital Assets
Taiwan Issues List of Institutions Required to Bolster Cybersecurity
By Ranamita Chakraborty | 05/02/2021
The critical infrastructure facilities believed to be on the list include Taiwan’s D-SIBs, science park operators and telecoms.
AML / KYC
Thailand to Introduce Rules for Digital Asset Wallet Providers
By Editors | 02/02/2021
The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.
Crypto / Digital Assets
India Set to Introduce Bill Banning Private Cryptocurrencies
By Editors | 01/02/2021
The proposed bill will also provide for the creation of a framework for an official digital currency that will be issued by the RBI.
AML / KYC
How Financial Institutions View Digital Identity: Survey
By Editors | 01/02/2021
RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.
Crypto / Digital Assets
Ripple Files Response to US SEC Defending XRP as Virtual Currency
By Editors | 31/01/2021
The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.
Crypto / Digital Assets
SGX-Temasek JV to Digitalise Bond Issuance Workflows
By Editors | 31/01/2021
The JV will partner with Covalent Capital to streamline the listing, straight-through processing and settlement of bonds and activities in bond lifecycle management.
Big Picture
More Central Banks Advancing CBDC Work: BIS Report
By Manesh Samtani | 29/01/2021
CBDCs need to be linked to a digital identity in order to be useful in achieving financial inclusion, said BIS general manager Agustín Carstens.
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