AML / KYC

AML / KYC

Australia to Explore Introduction of SMS Sender ID Register

By Editors | 18/02/2023

The government has asked ACMA to investigate different SMS sender ID register models that can help prevent scams and to report back to the government.

AML / KYC

Trafigura Suffers $577m Fraud Involving Fake Nickel Shipments

By Editors | 17/02/2023

156 containers that were supposed to contain nickel turned out to contain carbon steel, which is worth a fraction of the price.

Crypto / Digital Assets

Crypto Crime Rose to Over $20b in 2022: Chainalysis

By Editors | 17/02/2023

Overall, Chainalysis says illicit activity in cryptocurrency remains a small share of total volume at less than 1 percent.

AML / KYC

Sanctioned Crypto Mixer Relaunched Under New Name

By Editors | 16/02/2023

Blockchain analytics firm Elliptic found a trail of transactions linking sanctioned crypto mixer Blender to a new mixing service that was launched in October.

AML / KYC

Banks Should Use CDI to Streamline KYC, Credit Processes: HKMA

By Editors | 16/02/2023

Banks with material SME business are expected to complete their technical connection to the CDI and CCRA@CDI before the end of this year.

AML / KYC

The Corruption Perception Index & Australia’s Tranche 2 AML Legislation

By Julian Fenwick | 15/02/2023

Australia’s delays in passing Tranche 2 legislation compared with swift implementation in New Zealand highlights different approaches between the two countries, says Julian Fenwick.

AML / KYC

EU Adds Four Countries to List of Uncooperative Tax Jurisdictions

By Editors | 15/02/2023

BVI, Costa Rica, Marshall Islands and Russia were added to the list. Hong Kong and Malaysia were granted an extension to complete reforms.

Crypto / Digital Assets

North Korean Crypto Thefts Broke Records in 2022 – Report

By Mark Johnston | 14/02/2023

A UN report says North Korea stole more crypto in 2022 than in any previous year, using cyber techniques that have grown in sophistication.

AML / KYC

FCA Investigating Barclays for KYC and AML Incidents

By Editors | 14/02/2023

The FCA reportedly directed Barclays to undergo an independent review due to concerns about a large volume of KYC and AML incidents.