The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.
The government will issue a consultation this year proposing a licensing or registration requirement for crowdfunding platforms in Hong Kong.
The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
So far this year, nine financial officials were expelled from the CCP, with some facing other disciplinary punishments including criminal prosecution.
Etelka Bogardi and Amy Chung say Hong Kong's efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.
Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
"We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future," CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.
Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to "lack of jurisdiction".
AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.
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