AML / KYC

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.

AML / KYC

‘Focus on Fundamentals’ Could be Financial Crime Achilles Heel

By Bradley Maclean | 26/01/2022

New research suggests more meaningful financial crime prevention may be achieved with targeted investments in higher risk areas.