Crypto / Digital Assets

Fintech / Regtech

BOK Seeks Authority to Monitor Crypto Transactions – Report

By Sanday Chongo Kabange | 15/05/2021

The BOK plans to use existing authorities to monitor crypto transactions, amid fears that risks in the sector could flow to the broader financial system.

AML / KYC

Taiwan FSC Fines Citibank, DBS for AML Violations

By Editors | 14/05/2021

The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.

Big Picture

SWIFT, Accenture Explore Real-world Implications of CBDCs

By Sanday Chongo Kabange | 13/05/2021

SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

AML / KYC

Korean Lawmakers Push for Tougher Crypto Legislation

By Sanday Chongo Kabange | 11/05/2021

Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.

Crypto / Digital Assets

Korea: Police Raid Crypto Exchange, Freeze $214m in Assets

By Editors | 08/05/2021

Crypto exchange V Global is alleged to have engaged in an illegal multi-level marketing scheme to lure investors.

AML / KYC

Thailand to Tighten Crypto Exchange Account Opening Rules

By Sanday Chongo Kabange | 05/05/2021

Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.

Crypto / Digital Assets

UPDATED – BaFin Says Binance Stock Tokens Violate Securities Laws

By Sanday Chongo Kabange | 05/05/2021

The tokens require the publishing of a prospectus, “minimum information required by law” for the sale of an investment product.

AML / KYC

Data Analytics Becoming Embedded at Singapore FIs

By Manesh Samtani | 02/05/2021

The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.

AML / KYC

FATF Publishes New Zealand Mutual Evaluation Report

By Manesh Samtani | 30/04/2021

Of the 40 recommendations, New Zealand is ‘Compliant’ on 8, ‘Largely Compliant’ on 20, and ‘Partially Compliant’ on 12.