All posts tagged "confiscation"
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449AML / KYCJapan Ministry Seeks Powers to Confiscate Crypto Assets
Japan's organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.
June 13, 2022 -
329ChinaCSRC Issues Draft Rules to Enhance Civil Compensation System
The rules will enable aggrieved investors to claim compensation from amounts already paid by securities violators in fines and confiscations.
March 16, 2022 -
578AML / KYCFATF Plenary Finalises New Beneficial Ownership Requirements
Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
March 7, 2022 -
477AML / KYCFATF Re-rates China on Six Recommendations
The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021 -
855AML / KYCFATF Releases Mutual Evaluation Report for Japan
The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
August 31, 2021 -
437AML / KYCHong Kong Passes Bill to Curb Illegal Wildlife Trade
The bill enables law enforcement to inspect the IWT-associated financial flows of individuals and companies and confiscate their proceeds of crime.
August 19, 2021 -
1.3KAML / KYCHKMA Targets Effectiveness in Addressing AML, Fraud risk
HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.
July 22, 2021 -
1.8KAML / KYCFATF Plenary Packs Powerful Punch
The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.
June 25, 2021 -
218AML / KYCKorean Officials Seize Cryptocurrency from Tax Evaders
Investigators had to compare tax evaders' mobile phone numbers against those registered at crypto exchanges in order to track down their account details.
June 24, 2021 -
192AML / KYCAPG Publishes 2nd Follow-up Report on Pakistan
Pakistan had requested a re-rating on 23 FATF Recommendations: 21 were upgraded, one was not re-rated, and one was downgraded.
June 5, 2021
