Anti-Money Laundering

Anti-Money Laundering

US Authorities Announce Charges Against Crypto Exchange KuCoin

By Editors | 27/03/2024

Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.

PEPs & Sanctions

OFAC Unveils More Sanctions Over Iran Commodity Shipments

By Editors | 26/03/2024

The sanctions target a Lebanon-based financial facilitator, two vessels, and entities registered in Liberia, India, Vietnam, and Kuwait.

Anti-Money Laundering

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.

Anti-Money Laundering

Bring Environmental Crime Back into Policy Spotlight: World Bank

By Editors | 26/03/2024

World Bank blog post calls for increased coordination between money-laundering prevention and environmental protection agencies.

Payments & Settlements

BSP Issues New Manual of Regulations for Payment Systems

By Sanday Chongo Kabange | 26/03/2024

​The manual sets out rules and regulations governing the operations of the national payment system, as well as payment providers.

Anti-Money Laundering

Achieving Effectiveness in AML is a Shared Mission: HKMA’s Carmen Chu

By Bradley Maclean | 25/03/2024

Ms Carmen Chu discusses Hong Kong’s threat landscape, HKMA’s efforts to improve industry effectiveness, and key messages for FIs on collaboration and the use of technology.

Cryptocurrency

Crypto Firm OKX to Cease Services in India, Citing Regulations

By Ajoy K Das | 25/03/2024

OKX said it will cease operations in the country due to “local regulations directed at offshore exchanges that make CeFi trading available in India”.

Structural Regulation

EU, China Hold Inaugural Meeting of New Working Group

By Mark Johnston | 22/03/2024

Regulators from both sides discussed AML, supervisory cooperation, sustainable finance, capital markets, cross-border data transfers, payments, and CCP equivalence.

Fraud, Scams & Cybercrime

Malaysia Sees 5x Increase in Online Financial Scam Reports

By Ranamita Chakraborty | 22/03/2024

BNM is working with the financial sector and law enforcement on improving fund tracing, disrupting fraudulent fund flows, and raising awareness.