All posts tagged "North Korea"
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121AML / KYCOFAC Settles Sanctions Case Against Crypto Payments Processor BitPay
BitPay is said to have enabled individuals in sanctioned jurisdictions to engage in $129,000 worth of digital currency-related transactions with its merchant customers.
February 21, 2021 -
69AML / KYCRBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions
Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.
February 15, 2021 -
821AML / KYCNorth Korea Executes Currency Trader in FX Crackdown: Report
North Korea is tightening controls over its economy and the use of foreign currency, amid a near 20% appreciation of the won over the US dollar in recent months.
December 1, 2020 -
504AML / KYCDOJ Charges Three for North Korea Sanctions Breaches
Two North Koreans and one Malaysian allegedly used front companies to deceive US banks into processing transactions for North Korean customers.
September 16, 2020 -
1.6KAsia-PacificBangladesh Bank Offers Assurances on Cybersecurity at Banks
Bangladesh banks in facing renewed cyber threats last month, but their regulator, Bangladesh Bank, says the situation is under control.
September 15, 2020 -
965AML / KYC
US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
September 1, 2020 -
874AML / KYCUS Agencies Warn of North Korean ATM Cash-out Threat
The hacking team uses various techniques to gain access to banks' SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.
August 30, 2020 -
451AML / KYCSingapore Court Fines Secretary Over North Korea Shipments
The secretary pleaded guilty to three charges under the United Nations Act involving the shipment of luxury items to North Korea for her employer.
July 23, 2020 -
1.1KAML / KYC
Singapore Court Charges Two for North Korea Linked Bank Fraud
The two are accused of falsifying invoices to conceal from UOB and OCBC the sale of sugar to North Korea entities. One of the individuals is also on the FBI's most-wanted list.
June 22, 2020 -
758AML / KYCBangladesh Bank Files New Civil Suit Over 2016 Cyber Theft
Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.
June 3, 2020
