Sino-Rich Securities & Futures was fined for AML breaches in March. Its CEO and another director have been deemed responsible.
The four are part of a syndicate that charged criminal clients a commission of 3-5% to launder illicit proceeds from crime.
If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.
Soon after the SFC's statement, Binance announced that stock tokens will no longer be available for purchase on its website.
A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.
A new Explanatory Note identifies electronic sources of information that reporting entities can use for identity verification.
The BSEC has initiated an inquiry into Banco Securities, which has already had its trading suspended and bank account frozen amid embezzlement allegations.
Criminals made $350mn in 2020 from ransomware payments, representing an increase of 311% in one year.
The new authority would be able to directly oversee the financial firms operating across multiple member states and issue penalties for AMLviolations.
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
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