AML / KYC

    AML / KYC

    EBA Launches EuReCA, a Central Database for AML/CFT

    By Editors | 01/02/2022

    EuReCA will act as an early warning tool which will help competent authorities to act before ML/TF risks crystallise, the EBA said.

    AML / KYC

    Preparatory Work to Implement Basel III is Progressing: HKMA

    By Editors | 01/02/2022

    The HKMA will submit legislative amendments in early 2023 to implement the Basel III final reforms, which will take effect from 1 July 2023.

    AML / KYC

    HKMA, SFC Allow Intermediaries to Offer Crypto Services

    By Manesh Samtani | 31/01/2022

    Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.

    AML / KYC

    Europol Outlines Different Ways Criminals Use Cryptocurrency

    By Sanday Chongo Kabange | 29/01/2022

    A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.

    AML / KYC

    Taiwan FSC Identifies Crypto ATMs Breaching AML Rules

    By Editors | 28/01/2022

    Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.

    AML / KYC

    Will 2022 Be the Year of NFT Regulation?

    By Javier Tamashiro | 27/01/2022

    The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.

    AML / KYC

    HK ICAC Charges Three Ex-StanChart Employees For Fraud

    By Editors | 27/01/2022

    The former relationship managers were among five individuals indicted for conspiring to deceive Japanese investors with false documents.

    AML / KYC

    PBOC Finalises CDD Rules, Launches Nationwide AML Campaign

    By Manesh Samtani | 27/01/2022

    New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.

    AML / KYC

    Faster Transactions Impeding Scam Loss Recoveries: HK Police

    By Sanday Chongo Kabange | 27/01/2022

    Online banking, electronic payment services and cryptocurrency wallets have made it more difficult to recover scam proceeds.

    AML / KYC

    COSMIC Will Yield Significant and Far Reaching Benefits

    By Jamil Ahmed | 26/01/2022

    Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.

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