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Crypto / Digital Assets
UK Crypto Firms Required to Comply with Travel Rule by Sep 2023
By Manesh Samtani | 20/06/2022
The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
AML / KYC
FATF Concludes Final Plenary Under German Presidency
By Editors | 19/06/2022
FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.
AML / KYC
FATF Joins UN Counter-Terrorism Coordination Compact
By Editors | 14/06/2022
Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.
AML / KYC
FATF Re-rates UK for Progress on Correspondent Banking
By Editors | 14/06/2022
The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.
AML / KYC
IMF Calls on Philippines to Enhance AML Supervision
By Sanday Chongo Kabange | 14/06/2022
Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.
AML / KYC
FATF Issues Report on Digital Tools for Law Enforcement
By Editors | 12/06/2022
The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.
AML / KYC
DOJ Calls for Stronger International Cooperation on Crypto Crime
By Editors | 08/06/2022
The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.
AML / KYC
FATF Re-rates New Zealand for Progress on UBO Transparency
By Editors | 31/05/2022
The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.
AML / KYC
ISDA AGM Highlights Global Scrutiny of Crypto Sector
By Manesh Samtani | 14/05/2022
Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.
AML / KYC
Wolfsberg Group Offers Guidance on Adverse Media Screening
By Editors | 12/05/2022
New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.
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