Digital Assets

Cryptocurrency

CFTC, SEC Preparing to Tackle More Crypto-related Risks

By Manesh Samtani | 27/07/2022

The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.

Anti-Money Laundering

UK: Most Crypto Firms Simply Withdrew Their FCA Applications

By Mark Johnston | 26/07/2022

The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.

KYC & CDD

Panel 4: Follow the Crypto: Overcoming SoW/SoF Challenges with Digital Assets

By Editors | 26/07/2022

This panel explores how financial institutions maintain high standards for SoW/SoF checks while still meeting the needs of digitally enabled consumers.

Fraud, Scams & Cybercrime

Panel 5: Broken Promises: A Deep Dive into Crypto’s Fraud Problem

By Editors | 26/07/2022

This panel explores how bad actors are exploiting the crypto ecosystem, and how supervisors, law enforcement, and the industry is combatting these activities.

Anti-Money Laundering

Panel 6: New Payment Methods and Digitally Enabled Money Laundering

By Editors | 26/07/2022

This panel discusses the ways emerging payment mechanisms can be used for illicit purposes, and how regulators, law enforcement and financial institutions are responding.

Cryptocurrency

WEF Consortium Assesses Macro Impact of Crypto, Stablecoins

By Editors | 26/07/2022

Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.

PEPs & Sanctions

UK Requires Crypto Firms to Report Sanctions Breaches

By Editors | 26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Fraud, Scams & Cybercrime

Korea: Terra Investigators Seize Records from Crypto Firms

By Editors | 26/07/2022

Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.

Cryptocurrency

US SEC Plans to Require Registration from Crypto Lending Firms

By Mark Johnston | 26/07/2022

SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.