AML / KYC

    image

    AML / KYC

    Elliptic Corrects Media and US Senator over Reporting on Hamas Crypto Funding

    By Editors | 31/10/2023

    Blockchain analytics firm says the WSJ and Senator Elizabeth Warren misrepresented its research in overstating the funding Hamas received through cryptocurrency.

    image

    AML / KYC

    OCBC Stops Using SMS as Default Notification Method

    By Editors | 30/10/2023

    Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.

    image

    AML / KYC

    ESMA Forced to Pause Withdrawal of UAE CCP Recognition

    By Editors | 30/10/2023

    ESMA’s decision to withdraw its recognition of the Dubai Commodities Clearing Corporation is effectively suspended.

    image

    AML / KYC

    FATF Adds Bulgaria to Grey List, Removes Four Others

    By Manesh Samtani | 30/10/2023

    The FATF also agreed to revise its asset recovery and NPO-related recommendations, besides publishing three new reports.

    image

    AML / KYC

    UK Ushers in New Laws to Fight Fraud and Financial Crime

    By Sanday Chongo Kabange | 27/10/2023

    The Economic Crime and Corporate Transparency Act received royal assent. The law enables crypto seizures and introduces a ‘failure to prevent fraud’ offence.

    image

    AML / KYC

    Taiwan FSC Issues New Digital Identity Verification Guidelines

    By Editors | 27/10/2023

    The guidelines will make it easier for financial institutions to implement new identity verification mechanisms and scenarios.

    image

    AML / KYC

    BAFT Updates Guidelines on Correspondent Banking Relationships

    By Editors | 27/10/2023

    The guidelines include new sections on ISO 20022 migration and special considerations for money services businesses and fintechs.

    image

    AML / KYC

    Penalties for Non-Enrolment with AUSTRAC to Start on 9 Nov

    By Editors | 26/10/2023

    Businesses that provide designated services without enrolling with AUSTRAC will accrue daily penalties starting from 9 November.

    image

    AML / KYC

    AFP Arrests Seven Over $228m Money Laundering Scheme

    By Editors | 26/10/2023

    The seven are being charged under the “most complex AFP-led money-laundering investigation in the nation’s history”.

    image

    AML / KYC

    MAS, IMDA Propose Loss Sharing Framework for Phishing Scams

    By Manesh Samtani | 25/10/2023

    The framework assigns FIs and telcos duties to mitigate phishing scams, requiring them to bear full losses where these duties are breached.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team