AML / KYC

China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.

UK police unit Action Fraud said crypto-related fraud losses from October 2021 to September 2022 amounted to $270mn.

The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.

Kraken was facing a maximum fine of over $272mn. The $362,000 settlement reflects OFAC's determination the violations were "non-egregious and voluntarily self-disclosed".

The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.

Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.

The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.

Two Estonians induced victims to enter into “fraudulent equipment rental contracts" and to invest in a fake digital currency bank.

Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.

Europol says the website offered services that enabled fraudsters to impersonate companies including banks to access sensitive information from victims.