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AML / KYC
DOJ Calls for Stronger International Cooperation on Crypto Crime
By Editors | 08/06/2022
The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.
Crypto / Digital Assets
US Senators Propose Regulatory Framework for Crypto Assets
By Manesh Samtani | 08/06/2022
The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.
AML / KYC
GCFFC Forms New Technology Experts Working Group
By Editors | 08/06/2022
The working group will identify areas of the fighting financial crime ecosystem that would benefit most from available technology upgrades.
AML / KYC
EU Proposes to Make AML Compliance a Licence Condition
By Editors | 05/06/2022
EBA, EIOPA and ESMA propose that AML/CTF compliance be a specific requirement for firms, including crypto firms, to obtain and maintain their licences.
AML / KYC
Former CSRC Official Sentenced to Death With Reprieve
By Editors | 05/06/2022
A former CSRC official and Communist Party city chief was found to have taken $41mn in bribes between 2004 and 2020.
Crypto / Digital Assets
Japan Approves Law Clarifying Legal Status of Stablecoins
By Manesh Samtani | 05/06/2022
Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.
AML / KYC
US to Seek New UN Sanctions if DPRK Tests Nuclear Weapon
By Editors | 03/06/2022
The US tried to impose new UN sanctions on North Korea last week but the resolution was vetoed by China and Russia.
AML / KYC
Singapore Banks to Adopt More Scam Prevention Measures
By Darien Choong | 02/06/2022
The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.
AML / KYC
US Issues New Russia Sanctions, EU Approves 6th Package
By Editors | 02/06/2022
The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.
AML / KYC
More Chinese Firms Fall Under India Probe for ‘Irregularities’
By Editors | 02/06/2022
The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.
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