Anti-Money Laundering

Cryptocurrency

Binance.US Struggling to Secure Banking Services – Report

By Mark Johnston | 08/04/2023

Binance.US previously relied on either Signature Bank or Silvergate Capital to handle its customers’ cash deposits.

Anti-Money Laundering

US Treasury Publishes First Ever DeFi Risk Assessment

By Manesh Samtani | 07/04/2023

Treasury calls on the private sector to use the risk assessment to inform their risk mitigation strategies, and offers recommendations on government action.

Anti-Money Laundering

AUSTRAC Provides AML/CTF Exemption for CBDC Pilot

By Sanday Chongo Kabange | 07/04/2023

The exemption applies to CBDC issuance, redemption, exchange, custody, storage, transfer, account opening and other areas for the RBA, pilot participants and customers.

Market Abuse

UPDATED – HK Police Charge 10 Suspects for Ramp-and-Dump Activities

By Editors | 06/04/2023

Four of the individuals are alleged to have conspired with some of the individuals who were charged last September to use nominee accounts to corner the shares of two target stocks.

Market Abuse

SEBI Probing Related Party Transactions at Adani Group

By Editors | 04/04/2023

SEBI is probing three offshore entities which entered into investment transactions with unlisted Adani Group units over the last 13 years.

Anti-Money Laundering

Australia Introduces AML/CTF Amendment Bill to Parliament

By Editors | 04/04/2023

The amendments will strengthen and modernise aspects of Australia’s AML/CTF regime, and assist AUSTRAC in fulfilling its functions.

Anti-Money Laundering

KoFIU Shares Findings from On-site Inspections at VASPs

By Editors | 04/04/2023

KoFIU issued reprimands, cautions and KRW 490 million in fines against five crypto exchanges, executives and employees.

Cryptocurrency

Crypto Firm Bittrex Announces Decision to Exit US Market

By Editors | 03/04/2023

A lack of regulatory clarity makes it economically unviable for Bittrex to continue operating in the US. The global platform will continue operating.

Anti-Money Laundering

Germany to Establish New Agency to Fight Financial Crime

By Sanday Chongo Kabange | 02/04/2023

The ‘Federal Authority for Fighting Financial Crime” will absorb the functions of the FIU and also be responsible for enforcing international sanctions.