Crypto / Digital Assets

AML / KYC

AML Effectiveness Requires Risk Awareness, Quality Data: JFSA

By Bradley Maclean | 10/01/2023

The FSA’s Daisuke Mamba and Hiroshi Ozaki discuss the regulator’s approach to its AML/CFT inspections and recent work to develop shared AML systems for the industry.

Crypto / Digital Assets

Singapore’s New Crypto Rules Too Restrictive, Says Industry Body

By Editors | 10/01/2023

A blanket ban on providing credit could push retail investors to lend their crypto tokens via unregulated offshore firms.

Crypto / Digital Assets

ECB Seeks Experts to Help Draft CBDC Rulebook

By Editors | 09/01/2023

The Rulebook Development Group will commence work in February 2023, comprising Eurosystem staff and market representatives with relevant experience.

Crypto / Digital Assets

US SEC Probes Due Diligence Practices of FTX Investors

By Editors | 09/01/2023

Venture capital firms and investment funds that invested in FTX may face scrutiny about whether they met their fiduciary duties to their own investors.

Crypto / Digital Assets

Indonesian Regulator Bappebti Seeks to Launch Crypto Exchange

By Editors | 09/01/2023

Bappebti is seeking to establish a new crypto exchange for Indonesian users before its regulatory powers over the sector are transferred to the OJK.

Crypto / Digital Assets

GDF Proposes Voluntary Standards for Global Cryptoasset Market

By Manesh Samtani | 09/01/2023

In designing the standards, the GDF has leveraged the framework and high-level principles existing in the FX Global Code.

AML / KYC

AUSTRAC: Risk Assessments Must be Alive to Emerging Threats

By Bradley Maclean | 08/01/2023

Top official Brad Brown discusses AUSTRAC’s ongoing work to upgrade its reporting system and further advance Australia’s AML/CTF system.

Crypto / Digital Assets

NYAG Files Suit Against Founder of Crypto Lender Celsius

By Manesh Samtani | 08/01/2023

NYAG says Alex Mashinsky lied about Celsius’s safety, then lost customer funds in risky investments and concealed the firm’s deteriorating financial condition.

Crypto / Digital Assets

UK Adds Cryptoassets to Investment Manager Exemption

By Editors | 08/01/2023

Global investors using UK investment managers will not be subject to UK tax if they include cryptoassets within their portfolios.