BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.
August 12, 2021A new Explanatory Note identifies electronic sources of information that reporting entities can use for identity verification.
July 18, 2021The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
July 15, 2021ConnectID acts as a ‘broker’ between identity providers, securely facilitating identity verification and data exchange, without storing identity data.
July 1, 2021Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021To expedite the initiative, the European Commission has issued a recommendation for member states to establish a common toolbox by September 2022.
June 8, 2021The HKMA clarifies that when iAM Smart is used for identity verification, record keeping requirements may be met by retaining data obtained via API.
May 25, 2021Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.
May 6, 2021Crypto exchanges and trading platforms will have to comply with AML requirements for conventional banks starting 1 July.
April 22, 2021Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
April 12, 2021