All posts tagged "Money Laundering"
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47AML / KYCFSC Finds VASP Deposit Accounts Linked to Fraudulent Activity
Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.
July 29, 2021 -
156AML / KYCSFC Calls on Industry to Report Suspected Ramp-and-dump Activity
Ramp-and-dump scams now account for about half of the market manipulation cases being investigated by the SFC. Overseas investors also being targeted.
July 27, 2021 -
91AML / KYCEuropean Commission Presents Package of AML/CFT Reforms
A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.
July 23, 2021 -
117AML / KYCSingapore Man Admits to Laundering Money in SkillsFuture Scam
A former Grab and Uber driver has admitted to playing the role of a "dummy director" of several shell companies involved in the SkillsFuture scam.
July 20, 2021 -
102AML / KYCHK Customs Arrests Four for Laundering Funds Using Tether
The four are part of a syndicate that charged criminal clients a commission of 3-5% to launder illicit proceeds from crime.
July 20, 2021 -
78AML / KYCBOT Warns Against Using Crypto As Means of Payment
If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.
July 18, 2021 -
121AML / KYC
European Commission Seeks Establishment of New AML Authority
The new authority would be able to directly oversee the financial firms operating across multiple member states and issue penalties for AMLviolations.
July 15, 2021 -
89AML / KYCMAS, ABS Working to Improve Safeguards Against Scams – Reports
A task force has been set up to help Singapore's financial industry improve safeguards against scams and fraudulent transactions.
July 15, 2021 -
85AML / KYCKorea to Require Overseas Crypto Exchanges to Register with KoFIU
Cryptocurrency exchanges based outside Korea would be required to register with KoFIU if they use the Korean won for settlement.
July 14, 2021 -
158AML / KYCCovid-19 Forced Companies to Short-cut KYC, Due Diligence
A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.
July 14, 2021
