AML / KYC

AML / KYC

Japan, US Impose More Sanctions Over DPRK Missile Tests

By Mark Johnston | 05/04/2022

Japan sanctioned 4 Russia-based entities and 9 other individuals. The US sanctioned 5 more North Korean entities.

AML / KYC

Australia to Scrap Company Searches Fees from Sept 2023

By Editors | 04/04/2022

The scrapping of company search fees means ASIC will forgo A$64.9mn in revenue over three years from 2023-24.

Fintech / Regtech

EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

By Darien Choong | 04/04/2022

The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.

AML / KYC

The Future of AML Auditing is Increasingly Digital

By Claus Christensen | 03/04/2022

A shift to digital-first AML auditing and more open communications will improve efficiency and effectiveness for regulators and regulated entities alike, writes Claus Christensen.

AML / KYC

US Designates Russian Tech Firms for Enabling Sanctions Evasion

By Manesh Samtani | 03/04/2022

US sanctions 21 entities and 13 individuals. EU to propose new measures this week. Australia applies 35% export tariff.

AML / KYC

US DOJ Charges Two for NFT Fraud, Money Laundering

By Sanday Chongo Kabange | 01/04/2022

The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.

AML / KYC

Australia a ‘Laggard on the World Stage’, Senate AML Inquiry Finds

By Manesh Samtani | 31/03/2022

Senate committee warns that the government’s failure to bring lawyers, accountants and real estate professionals into the AML/CFT regime is harming Australians.

AML / KYC

Taiwan Central Bank Warns of Fraud Via Bitcoin ATMs

By Darien Choong | 31/03/2022

Bitcoin ATMs in Taiwan are being used to scam victims who attempt to transfer cash to specific accounts to purchase cryptoassets.

Enforcement

Singapore Police, Banks Step Up Scam Intervention Efforts

By Editors | 31/03/2022

In a four-day operation last week, the police and five banks intervened in 150 scam cases, which resulted in the arrests of 35 individuals.