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AML / KYC
China Sanctions Pelosi, Halts US Cooperation on Crime, Climate
By Editors | 08/08/2022
China sanctioned US House Speaker Nancy Pelosi and her immediate family over her visit to Taiwan, and will suspend cooperation with the US in a number of areas.
Enforcement
OFAC Investigating Kraken for Alleged Sanctions Violations
By Editors | 07/08/2022
Kraken is suspected of allowing Iranian users to utilise Kraken’s services, in violation of federal sanctions.
AML / KYC
Switzerland Aligns with EU in Latest Russia Sanctions
By Editors | 05/08/2022
The Swiss government is imposing a ban on buying, importing or transporting gold and gold products from Russia. Sberbank is also banned.
AML / KYC
ACCC Raises Alarm Over Rising Fake Bond Scams
By Editors | 05/08/2022
Reported losses suffered by Australian victims of imposter bond scams increased by 265% to A$20mn in H1, compared to the same period last year.
Enforcement
More Senior Officials Fall Under Corruption Probes in China
By Darien Choong | 04/08/2022
Officials from the MIIT, CBIRC and PBOC have been named in a fresh round of corruption investigations.
AML / KYC
ECB Analyses Options for Enhancing Cross-Border Payments
By Manesh Samtani | 04/08/2022
Bitcoin and stablecoins are “unlikely” to be the “holy grail” of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.
AML / KYC
New York State Regulator Penalises Robinhood Crypto Unit
By Editors | 04/08/2022
Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.
AML / KYC
US SEC Charges 11 Over Crypto Pyramid and Ponzi Scheme
By Editors | 04/08/2022
Forsage investors earned profits by recruiting others into the scheme, which used assets from new investors to pay earlier investors.
AML / KYC
DBS-led Hackathon to Tackle Fraud Challenges
By Editors | 04/08/2022
More than 100 law enforcers, lawyers, bank staff and other professionals have assembled into teams to brainstorm new solutions to stop scams.
AML / KYC
China Responds to US ‘Treachery’ With Taiwan Trade Curbs
By Editors | 04/08/2022
China has banned imports of citrus fruit, two types of fish, and food items from 107 Taiwanese brands. Exports of natural sand to Taiwan are banned.
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