AML / KYC

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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

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    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.

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    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.

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    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

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    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.

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    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.

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    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

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    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

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    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

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    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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