AML / KYC

AML / KYC

BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon

By Editors | 21/02/2021

Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.

AML / KYC

US Prosecutors Unveils New Charges Against North Korean Hackers

By Manesh Samtani | 21/02/2021

Warrants have been issued for the arrest of the three programmers said to be involved in the Sony, WannaCry, Bangladesh Bank and other attacks.

AML / KYC

UK, Canada Impose Sanctions Against Myanmar Officials

By Manesh Samtani | 21/02/2021

Human Rights Watch is calling for economic sanctions, travel bans and asset freezes for leaders of Myanmar’s military, military business conglomerates and the new governing body.

AML / KYC

HK Banks Used to Launder Over HK$8bn in Scam Proceeds in 2020

By Editors | 21/02/2021

More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.

AML / KYC

UK Sanctions Policy: A Progress Report

By Emil Dall | 21/02/2021

The UK has formally embarked on its independent sanctions regime. What work has been completed so far and what remains to be done?

AML / KYC

ISO Standard Defining ISIN Updated to Expand Scope

By Editors | 21/02/2021

The update expands the scope of the standard beyond securities to include OTC derivatives, baskets, emission allowances and carbon credits.

AML / KYC

OFAC Settles Sanctions Case Against Crypto Payments Processor BitPay

By Editors | 20/02/2021

BitPay is said to have enabled individuals in sanctioned jurisdictions to engage in $129,000 worth of digital currency-related transactions with its merchant customers.

AML / KYC

Australian Banks Facilitate Arrest of Phishing Tool Developer

By Ranamita Chakraborty | 19/02/2021

The developer of a phishing kit used to steal tens of millions of dollars from bank accounts in 11 countries has been arrested in Ukraine.

AML / KYC

FSC Korea Proposes Additional Rule Changes for VASPs

By Editors | 18/02/2021

The changes add to revisions proposed in November to align requirements for VASPs with the FATF recommendations.