AML / KYC

AML / KYC

Philippine SEC Teams Up With US Counterpart, IOSCO to Tackle Securities-related Crime

By Editors | 15/09/2023

The Philippines SEC is looking to strengthen its enforcement capabilities to protect investors from securities fraud and other forms of investment scams.

Crypto / Digital Assets

“Consistency” and “Cooperation” To Form Next Steps in Crypto Regulation

By Jill Wong | 15/09/2023

Chengyi Ong, Chainalysis’ head of policy, APAC, talks to Regulation Asia about the perceived policy direction in crypto regulations.

Enforcement

US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years

By Editors | 14/09/2023

OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.

AML / KYC

Singapore Announces New Initiatives to Support Family Offices

By Editors | 14/09/2023

The initiatives will help new family offices orientate themselves in Singapore and strengthen their financial crime compliance capabilities.

AML / KYC

Singapore’s PayNow to End ‘Nickname’ Feature Next Year

By Sanday Chongo Kabange | 12/09/2023

The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.

AML / KYC

APG Releases Mutual Evaluation Report for Nepal

By Manesh Samtani | 12/09/2023

Nepal’s AML/CFT regime has undergone significant reform since its 2011 mutual evaluation, however further legislative amendments are needed.

AML / KYC

CFTC Commissioner Calls for Creation of National Financial Fraud Registry

By Sanday Chongo Kabange | 12/09/2023

Commissioner Christy Goldsmith Romero says a centralised national financial fraud registry would enable the public to protect themselves from fraudsters.

AML / KYC

No Place to Hide: US Court Upholds Sanctions on Decentralised Crypto Platform

By James Gillespie | 11/09/2023

RUSI’s James Gillespie discusses what the Tornado Cash case means for holding DeFi platforms accountable under AML and sanctions laws.

Enforcement

CFTC Penalises Three DeFi Operators for Offering Services Illegally

By Editors | 11/09/2023

Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.