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Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
India Freezes Crypto Exchange Assets in Money Laundering Probe
By Mark Johnston | 18/08/2022
India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.
Market Abuse
Korea FSS Targets Illegal Short Selling, FX Transactions
By Editors | 17/08/2022
October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.
Anti-Money Laundering
Three Associated with Tornado Cash Allegedly Arrested
By Manesh Samtani | 16/08/2022
Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.
Anti-Money Laundering
INTERPOL Launches Global Money Mule Awareness Campaign
By Editors | 15/08/2022
The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.
Anti-Money Laundering
INTERPOL Calls for Urgent Action to Tackle Pollution Crime
By Sanday Chongo Kabange | 12/08/2022
Document fraud, tax evasion, money laundering and corruption are common components of pollution crimes, which often have a nexus with organised crime.
Cryptocurrency
FSC Korea Starts Work on New Crypto Legislation
By Editors | 12/08/2022
The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.
Anti-Money Laundering
Former BitMEX Exec to Pay Fine for Violating AML Law
By Editors | 11/08/2022
The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.
Structural Regulation
Taiwan to Allow Securities Firms to Offer More Trust Products
By Darien Choong | 10/08/2022
Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers’ financial planning needs, the FSC said.
PEPs & Sanctions
OFAC Sanctions Crypto Mixing Service Tornado Cash
By Manesh Samtani | 09/08/2022
The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.
Anti-Money Laundering
US Secures Extradition of Former Crypto Exchange Operator
By Editors | 09/08/2022
Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.
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