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AML / KYC
US Sanctions, Files Criminal Charges Against Russians
By Editors | 21/10/2022
The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.
Enforcement
German Prosecutors Raid Deutsche Offices for “Cum-Ex” Probe
By Editors | 21/10/2022
The Cum-Ex scandal dates back more than a decade. Deutsche Bank is said to be fully cooperating with inspections at its Frankfurt offices.
AML / KYC
INTERPOL Launches First Global Police Metaverse
By Editors | 20/10/2022
INTERPOL Metaverse users can interact with other officers and take training courses. A new expert group will work to secure the metaverse from crime.
AML / KYC
Japan Authorities Warn Crypto Firms of Lazarus Group Threat
By Manesh Samtani | 20/10/2022
An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.
AML / KYC
Korea to Launch National Digital ID in 2024
By Editors | 20/10/2022
An app will be used to embed blockchain-powered digital IDs into mobile devices. Government officials will not have access to stored data.
AML / KYC
Philippine May Pass Bank Secrecy Law Amendments Next Month
By Editors | 20/10/2022
The amendments will allow the BSP to look into deposit accounts for inquiries into fraud, serious irregularity, and unlawful activity.
AML / KYC
EU to Sanction Iran Over Drone Sales to Russia
By Editors | 20/10/2022
The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.
AML / KYC
Philippines to Curb Scams by Requiring ID Registration for SIM Cards
By Editors | 19/10/2022
Telcos are required to collect customer ID information when selling SIM cards. The law is aimed at curbing the spread of spam text messages and scams.
AML / KYC
Canada, Switzerland Sanction More Russians, EU Considers 9th Package
By Manesh Samtani | 19/10/2022
The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.
AML / KYC
HK Regulator Urges Insurers to Cooperate with ICAC Investigations
By Editors | 18/10/2022
The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.
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