All posts tagged "AML"
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243Crypto / Digital AssetsUS Banks Lobby Against Possible Issuance of CBDC
The American Bankers Association says a CBDC would risk moving 71% of bank deposits to the Fed and undermine the financial system.
May 27, 2022 -
339Crypto / Digital AssetsTerra Collapse Sparks Regulatory Change, Lawsuits in Korea
The FSC says thirteen relevant bills on digital asset investor protection are currently pending at the National Assembly.
May 26, 2022 -
440AML / KYCUS SEC Fines Wells Fargo Advisors $7m for AML Failures
Wells Fargo Advisors was fined for failing to timely file 34 SARs. This is the second BSA action against the firm in the last five years.
May 24, 2022 -
921AML / KYCVideo: A Closer Look at Singapore’s COSMIC Platform
DBS' Chee Kin Lam and HSBC's Jamil Ahmed discuss COSMIC’s development and how the platform will work to help combat financial crime.
May 20, 2022 -
283AML / KYCUS Treasury Outlines Plans to Combat Illicit Finance
Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.
May 18, 2022 -
763AML / KYCWolfsberg Group Offers Guidance on Adverse Media Screening
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.
May 12, 2022 -
599AML / KYCIndian AML Investigators Threatened, Coerced Xiaomi Execs – Reports
In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.
May 12, 2022 -
1.2KAML / KYCThe EU’s MiCA Races to Create a Regulatory Superhighway
Ari Redbord outlines what crypto-asset service providers need to understand as discussions continue on an EU-wide regulatory framework for crypto.
May 12, 2022 -
343AML / KYCBangladesh Bank Opens RTGS to NBFI Participation
Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers' bank accounts.
May 11, 2022 -
578AML / KYCMONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering
Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing "heavy" manipulation.
May 11, 2022
