Anti-Money Laundering

Cryptocurrency

Coinbase’s Exit From Japan Complicates Travel Rule Adoption

By Manesh Samtani | 07/02/2023

With Coinbase leaving the market, Japanese VASPs using TRUST will likely have to switch to a different travel rule solution.

Anti-Money Laundering

FATF Publishes Annual Report for 2021-2022

By Editors | 07/02/2023

The report sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency.

Anti-Money Laundering

Korean Crypto Firms Face AML Inspections, Disclosure Rules

By Sanday Chongo Kabange | 06/02/2023

The inspections will prioritise high-volume crypto businesses with high money laundering risks. The disclosure system will cover issuance, listing and circulation.

Trade Based Money Laundering

New Report Calls for Global Action to Address TBML

By Editors | 06/02/2023

Recommendations include the use of education campaigns, inter-agency task forces, beneficial ownership registries, and new technologies to assess trade pricing.

PEPs & Sanctions

OFAC Targets Sanctions Evasion Network Supporting Russia

By Editors | 06/02/2023

Entities based in Singapore, Israel, Latvia, Cyprus, and Bulgaria were among those sanctioned for supporting sanctioned, state-owned Russian defence firms.

Anti-Money Laundering

New York Woman Charged for Financing Terrorist Groups With Crypto

By Editors | 06/02/2023

The case is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism, said Manhattan District Attorney Alvin Bragg.

Anti-Money Laundering

US Authorities Probe Crypto Bank Silvergate Over FTX Dealings

By Editors | 06/02/2023

The criminal probe is said to be focused on Silvergate’s dealings with the now-bankrupt FTX and Alameda Research, and its hosting of accounts tied to both companies.

Anti-Money Laundering

AFP Dismantles Chinese-Australian Money Laundering Syndicate

By Editors | 03/02/2023

Police seized over AUD 150 million in assets including crypto, and charged nine individuals including a NAB banker with money laundering.

Anti-Money Laundering

China: Hainan to Increased Scrutiny of ‘Digital Collectibles’ Industry

By Editors | 03/02/2023

Hainan authorities issued a notice highlighting the risks of fraud, money laundering, and illegal fund-raising in relation to digital collectibles, the term used for NFTs in China.