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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.
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.
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.
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.
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.
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.
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.
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.
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”.
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.
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