Anti-Money Laundering

KYC & CDD

AsiaVerify Recognised for KYC Capabilities in Regulation Asia Awards 

By Editors | 10/12/2021

AsiaVerify provides real-time data for the verification of business partners, corporate customers and individual clients in key Asian markets, most notably China.

Stablecoins

Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance

By Sanday Chongo Kabange | 09/12/2021

The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.

Anti-Money Laundering

FinCEN to Tighten Rules on Beneficial Ownership, Real Estate Deals

By Manesh Samtani | 09/12/2021

The proposed rules are aimed at protecting the US financial system from money laundering enabled by shell companies and all-cash real estate deals.

Anti-Money Laundering

NZ FMA Risk Assessment Finds VASPs Sector ‘High Risk’

By Sanday Chongo Kabange | 07/12/2021

The FMA’s sector risk assessment for 2021 says VASPs, derivatives issuers and online investment platforms could be targeted by money launderers.

DeFi & Web3

DeFi Governance Structures Provide Entry Points for Regulators: BIS

By Manesh Samtani | 07/12/2021

DeFi’s inherent governance structures would provide “natural entry points” for authorities to address issues related to financial stability, investor protection and illicit activities.

Anti-Money Laundering

CBSL to Prosecute Remittances via Informal Channels Under AML Law

By Duruthu E Chandrasekera | 07/12/2021

Foreign workers have been using Hawala channels for remittances, as they offer better rates than formal banking channels.

Custody & Infrastructure

Thai SEC to Require Crypto Wallet Providers to be Licensed

By Editors | 06/12/2021

Custody and wallet providers required to obtain information identifying the account owners of wallets. New guidelines coming on the use of crypto in payments.

Anti-Money Laundering

BNM Unveils Initial Findings of Malaysia National Risk Assessment

By Mark Johnston | 05/12/2021

BNM is using technology to improve its risk-based supervision, intelligence analysis, data science techniques and off-site surveillance.

Anti-Money Laundering

Interpol Concludes Global Operation Targeting Wildlife & Timber Crime

By Editors | 05/12/2021

Customs, police, FIUs and wildlife and forestry enforcement agencies in 118 countries participated in the operation, which has led to hundreds of arrests and over 1,000 seizures.