CRYPTO / DIGITAL ASSETS

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    AML / KYC

    US Sanctions Philippines-based Firm for Facilitating Cyber Scams

    By Editors | 29/05/2025

    Funnull Technology Inc provides IP addresses and other web infrastructure to cybercriminals to host scam platforms and other malicious web content.

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    Crypto / Digital Assets

    BOK Pushes Banks on CBDC Trials, Weighs Stablecoin Risks

    By Manesh Samtani | 29/05/2025

    Bank of Korea urges commercial lenders to join CBDC pilots, explores private stablecoin integration amid capital outflow concerns.

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    AML / KYC

    Chinese Underground Banking Key to Global Crime – Report

    By Manesh Samtani | 29/05/2025

    Chinese underground banking networks facilitate North Korean hacking, drug cartels, and sanctions evasion, says TRM Labs report.

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    AML / KYC

    Interpol Issues First Two Silver Notices at India’s Request

    By Manesh Samtani | 28/05/2025

    India secured two Interpol Silver Notices, one to trace assets in a visa fraud case and the other for a crypto scam case.

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    AML / KYC

    G7 Finance Ministers Pledge Action Against Financial Crime

    By Manesh Samtani | 27/05/2025

    G7 commits to strengthening AML frameworks, enhancing international cooperation, and supporting developing countries to combat financial crime.

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    Crypto / Digital Assets

    HSBC Launches Novel Tokenised Deposit Service

    By Sanday Chongo Kabange | 27/05/2025

    HSBC’s blockchain-based liquidity solution for Hong Kong institutional clients marks the first live pilot initiative supported by HKMA’s supervisory incubator for DLT.

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    Enforcement

    AUSTRAC Freezes Assets Linked to Cryptocurrency Theft

    By Sanday Chongo Kabange | 27/05/2025

    AUSTRAC has frozen property and funds tied to alleged cryptocurrency theft following a tip-off from the Luxembourg FIU.

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    AML / KYC

    HKMA Issues Two Consultations on Rules for Stablecoin Issuers

    By Sanday Chongo Kabange | 27/05/2025

    The first consultation proposes regulatory standards for stablecoin issuers seeking authorisation. The second proposes AML/CFT requirements.

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    Capital / Liquidity

    Industry Bodies Urge BCBS to Reconsider Cryptoasset Standard

    By Manesh Samtani | 27/05/2025

    Ten trade associations call for revisions to the BCBS cryptoasset standard, citing inconsistent implementation and arguing that it will hinder DLT use cases.

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    Crypto / Digital Assets

    Korea FSS Warns Young Crypto Users of Penalties Under New Law

    By Thisanka Siripala | 26/05/2025

    The FSS said crypto investors may still be held liable for violations even if they are unaware of the law or are following prior trading practices.

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