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AML / KYC
UK FCA Outlines Next One Year of Work to Improve Markets
By Editors | 11/04/2023
The FCA will propose reforms to the listing regime, consult on the introduction of consolidated tapes, and strengthen its authorisation and assessment processes.
AML / KYC
Binance.US Struggling to Secure Banking Services – Report
By Mark Johnston | 08/04/2023
Binance.US previously relied on either Signature Bank or Silvergate Capital to handle its customers’ cash deposits.
AML / KYC
BSP Issues New CDD Rules to Support PhilSys Enabled e-KYC
By Sanday Chongo Kabange | 07/04/2023
The PhilSys national digital ID system is acceptable for e-KYC, provided it is supported by “robust technology, adequate governance, processes, and procedures”.
Crypto / Digital Assets
US Treasury Publishes First Ever DeFi Risk Assessment
By Manesh Samtani | 07/04/2023
Treasury calls on the private sector to use the risk assessment to inform their risk mitigation strategies, and offers recommendations on government action.
AML / KYC
AUSTRAC Provides AML/CTF Exemption for CBDC Pilot
By Sanday Chongo Kabange | 07/04/2023
The exemption applies to CBDC issuance, redemption, exchange, custody, storage, transfer, account opening and other areas for the RBA, pilot participants and customers.
AML / KYC
UPDATED – HK Police Charge 10 Suspects for Ramp-and-Dump Activities
By Editors | 06/04/2023
Four of the individuals are alleged to have conspired with some of the individuals who were charged last September to use nominee accounts to corner the shares of two target stocks.
Enforcement
UK Steel Traders Jailed for $500m Trade Finance Fraud
By Mark Johnston | 05/04/2023
Three senior executives of Balli Steel were sentenced to prison for using fake documents and contracts to obtain loans.
AML / KYC
ICAC Concludes First Training Day for Banks on Corruption Risk
By Sanday Chongo Kabange | 05/04/2023
Acting ICAC Commissioner Ricky Yau said the training programme is aimed at enhancing banking sector standards on preventing corruption risk.
AML / KYC
China Deepens Financial Sector Corruption Crackdown
By Editors | 05/04/2023
Officials told bankers they should learn lessons from Bank of China chairman Liu Liange, who was recently placed under investigation.
AML / KYC
Australia Introduces AML/CTF Amendment Bill to Parliament
By Editors | 04/04/2023
The amendments will strengthen and modernise aspects of Australia’s AML/CTF regime, and assist AUSTRAC in fulfilling its functions.
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