Anti-Money Laundering

Anti-Money Laundering

FATF Re-rates China on Two More Recommendations

By Editors | 30/11/2022

China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.

Cryptocurrency

VASPs Propose Measures to Improve Regulatory Mechanisms for Crypto

By Editors | 28/11/2022

The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.

Fraud, Scams & Cybercrime

DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation

By Editors | 28/11/2022

Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.

KYC & CDD

EU States Start Closing Access to Beneficial Owners Registers

By Manesh Samtani | 28/11/2022

Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.

Fraud, Scams & Cybercrime

INTERPOL Operation Sees $129m in Crypto Assets Seized

By Editors | 25/11/2022

Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.

Anti-Money Laundering

HKMA, Cyberport Host Third AML Regtech Lab

By Sanday Chongo Kabange | 25/11/2022

The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.

Anti-Money Laundering

AUSTRAC Directs ING Australian Units to Uplift AML/CTF

By Editors | 24/11/2022

Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.

Anti-Money Laundering

VPBank, Oracle Recognised for Outstanding AML Programme Implementation

By Editors | 23/11/2022

VP Bank and Oracle Financial Services, who were recognises for the implementation of a comprehensive AML programme at VPBank, the first of its kind in Vietnam.

KYC & CDD

Moody’s Analytics’ kompany Recognised for Best KYB Solution

By Editors | 23/11/2022

Moody’s Analytics was recognised for best solution in KYB & entity resolution at Regulation Asia’s 5th annual awards ceremony.