Financial Crime

Cryptocurrency

CFTC, SEC Preparing to Tackle More Crypto-related Risks

By Manesh Samtani | 27/07/2022

The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.

Anti-Money Laundering

UK: Most Crypto Firms Simply Withdrew Their FCA Applications

By Mark Johnston | 26/07/2022

The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.

Anti-Money Laundering

SFC Fines Fourth Broker Over Use of ‘Xinguanjia’ Trading Software

By Manesh Samtani | 26/07/2022

The software enabled Mainland investors to trade in Hong Kong without having to open a local securities account. Rifa Futures was fined HKD 9 million for AML and other failures.

KYC & CDD

Panel 4: Follow the Crypto: Overcoming SoW/SoF Challenges with Digital Assets

By Editors | 26/07/2022

This panel explores how financial institutions maintain high standards for SoW/SoF checks while still meeting the needs of digitally enabled consumers.

Fraud, Scams & Cybercrime

Panel 5: Broken Promises: A Deep Dive into Crypto’s Fraud Problem

By Editors | 26/07/2022

This panel explores how bad actors are exploiting the crypto ecosystem, and how supervisors, law enforcement, and the industry is combatting these activities.

Anti-Money Laundering

Panel 6: New Payment Methods and Digitally Enabled Money Laundering

By Editors | 26/07/2022

This panel discusses the ways emerging payment mechanisms can be used for illicit purposes, and how regulators, law enforcement and financial institutions are responding.

Anti-Money Laundering

Panel 7: Financial Crime and Due Diligence in the Era of Sustainability

By Editors | 26/07/2022

This panel explores approaches to detecting environmental crime through increased emphasis on financial flows and cross-sectoral collaboration.

Anti-Bribery & Corruption

Panel 8: Know Your Third Party: Mitigating Corruption and Bribery Risk

By Editors | 26/07/2022

This panel discusses the policies, third party due diligence procedures, and incentive structures banks should have in place to detect and prevent bribery and corruption risks.

KYC & CDD

Panel 3: Rising Expectations: KYC, Ongoing Monitoring, Name Screening

By Editors | 26/07/2022

This panel will discuss the measures financial institutions are taking to better manage customer risk through KYC, monitoring and screening processes.