All posts tagged "money services"
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389AML / KYCFATF Consults on AML/CTF Frictions in Cross-border Payments
The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.
December 2, 2020 -
2.0KAML / KYCRansomware Payments May Breach OFAC Regulations
OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.
October 4, 2020 -
1.2KAsia-PacificBOT Opens Applications for New FX E-Money Licences
Non-bank operators can apply for a new licence to issue e-money in foreign currencies for customer payments for cross-border goods and services.
June 30, 2020 -
891AML / KYCBSP Prepares Guidelines to Regulate Virtual Asset Service Providers
The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.
May 22, 2020 -
508AML / KYCMalaysian Authorities Bust Illegal Money Services Network
In raids were jointly conducted by central bank, police and immigration officers, authorities seized almost $1mn, along with documents, computers and mobile phones.
August 5, 2019
