AML / KYC

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.

AML / KYC

IMF Publishes Guide to Beneficial Ownership Transparency

By Editors | 18/10/2022

Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF’s Bo Li.