Anti-Money Laundering

PEPs & Sanctions

Western Allies Sanction Iran Over Protest Handling, Drone Sales

By Editors | 18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.

Anti-Money Laundering

FTX Bankruptcy, Secret Transfers, and Regulatory Probes

By Manesh Samtani | 14/11/2022

FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.

Cryptocurrency

KakaoBank to Open Accounts for Coinone Exchange Users

By Editors | 13/11/2022

Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

Anti-Money Laundering

DFSA Fines Bank of Singapore for Inadequate AML Controls

By Editors | 11/11/2022

Bank of Singapore offered the DFSA an enforceable undertaking agreeing to remediate deficiencies and engage an external compliance expert for verification.

PEPs & Sanctions

BSP Proposes Draft Regulations on TFS Implementation

By Editors | 10/11/2022

The amendments target terrorist and proliferation financing and are aimed at helping the Philippines secure its removal from the FATF grey list.

PEPs & Sanctions

OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

By Editors | 10/11/2022

The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

Anti-Money Laundering

AML in Japan: Looking Back to Look Forward

By Hiroshi Ozaki | 09/11/2022

The FSA’s Hiroshi Ozaki and Daisuke Mamba look back at the last four and a half years in the fight against money laundering and terrorist financing in Japan.

Anti-Money Laundering

New Zealand DIA Issues Warning to BNPL Provider Openpay

By Editors | 09/11/2022

Openpay failed to establish, implement, and maintain an AML/CFT programme and to adequately monitor accounts and transactions.

Fraud, Scams & Cybercrime

US Agents Seized Over $3.3bn in Silk Road’s Bitcoin Last Year: DOJ

By Editors | 08/11/2022

Over 50,000 Bitcoin, stolen from online marketplace Silk Road in 2012, was seized in November 2021 and has since lost more than two-thirds of its value.