AML / KYC

Crypto / Digital Assets

Bendigo Bank Blocks “High-risk” Payments to Crypto Exchanges

By Editors | 31/07/2023

New rules for instant payments to crypto exchanges are designed to primarily target investment scams, Bendigo Bank said.

AML / KYC

SEBI Considers Tweaks to Derivatives Market Onboarding Process

By Sanday Chongo Kabange | 31/07/2023

SEBI dismissed media reports that suggested the regulator was seeking to impose curbs on retail participation in derivative markets.

AML / KYC

Malaysia Records Surging Suspicious Transactions and Scams

By Ranamita Chakraborty | 31/07/2023

Bank Negara Malaysia’s deputy governor revealed that the central bank’s financial intelligence unit saw a nearly 30 percent increase in suspicious transaction reports compared to the previous year.

AML / KYC

India Arrests Four in Bribery Case, Including Ministry Officials

By Editors | 31/07/2023

CBI arrested four individuals, including three Ministry of Corporate Affairs officials, in a bribery case linked to Alok Industries.

AML / KYC

More Officials Under Probe as China Broaden’s Anti Corruption Campaign

By Editors | 31/07/2023

Beijing intensifies anti-corruption efforts, investigating a high-ranking rural banking official and expelling another four senior Communist Party officials.

AML / KYC

HKMA, SFC Offer New Guidance on Suitability Obligations

By Manesh Samtani | 30/07/2023

HKMA and SFC say intermediaries can tailor their point-of-sale procedures to the personal circumstances of sophisticated professional investors.

AML / KYC

KoFIU is Ramping Up Efforts to Combat Crypto-related Crime

By Manesh Samtani | 30/07/2023

KoFIU will strengthen inspections, impose sanctions for violations, and disclose the results of investigations to promote legal compliance.

AML / KYC

Worldcoin’s Global Launch Raises Regulatory Concerns

By Editors | 29/07/2023

UK, French and German regulators are looking into privacy concerns associated with Worldcoin’s iris-scanning data collection practices.

AML / KYC

UK Updates Guidance to Implement Travel Rule for Cryptoasset Transfers

By Editors | 29/07/2023

The proposed guidance specifies the information on originators and beneficiaries that crypto exchanges and wallet providers must send, receive and verify as part of a cryptoasset transfer.