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Crypto / Digital Assets
US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts
By Thisanka Siripala | 17/01/2025
North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says
AML / KYC
CFPB Fines Block Inc Over Cash App Security Lapses
By Nithya Subramanian | 17/01/2025
The CFPB has fined Block for allowing fraud to proliferate and closing cases of reported fraud without even opening a legally required investigation.
AML / KYC
Korea Amends CFT/CPF Law to Expand Scope to Corporations
By Nithya Subramanian | 16/01/2025
Corporations linked to individuals involved in terrorism or WMD proliferation will be subject to restrictions on financial transactions and property disposals.
Crypto / Digital Assets
US Supreme Court Denies Binance Petition on Securities Law Applicability
By Mark Johnston | 16/01/2025
The US Supreme Court has rejected a request to review whether US securities laws apply to Binance, which doesn’t have a physical location
AML / KYC
US Fines Crypto Firm BitMEX $100m for AML Violations
By Nithya Subramanian | 16/01/2025
The Justice Department said the penalty sends a clear message that companies which violate AML and KYC rules will face strict consequences.
AML / KYC
Australia Launches Nationwide Scam Awareness Campaign
By Sanday Chongo Kabange | 16/01/2025
The ‘Fighting Scams Campaign’ aims to increase awareness and action of “three simple, memorable steps” to safeguard against scams.
AML / KYC
AEON Bank President & Risk Head Dismissed Over AML Failures
By Thisanka Siripala | 15/01/2025
The president of AEON Financial Services also resigned after the banking subsidiary was ordered to correct serious AML deficiencies
AML / KYC
Hong Kong Works to Rescue Citizens from Scam Compounds
By Manesh Samtani | 14/01/2025
HK task force visited Thailand seeking assistance to secure the return of 12 individuals believed to be detained in scam compounds
AML / KYC
MAS Issues New AML/CFT Notice for Market Operators
By Nithya Subramanian | 14/01/2025
The notice targets risks that arise from non-FI direct participants, which are not subject to the same AML/CFT requirements applicable to FI direct participants
Enforcement
US Grand Jury Indicts Three Russians Who Operated Crypto Mixers
By Manesh Samtani | 14/01/2025
The defendants operated Blender.io and Sinbad.io, which were used to launder funds stolen from victims of ransomware, virtual currency thefts, and other crimes.
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