All posts tagged "precious metals"
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398AML / KYCMAS Proposes Additional AML/CFT Requirements for FIs
MAS proposes requirements for dealings in precious stones and metals, transactions involving digital payment tokens, and customers that may be considered higher risk shell companies.
July 13, 2021 -
926AML / KYCHong Kong to Bar Retail Investors from Crypto Trading
Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.
May 24, 2021 -
1.2KAML / KYCSingapore Money Remittance Sector Poses High TF Risk: MAS
Singapore’s money remittance sector poses the highest risk of being exploited for terrorism financing, followed by the banking sector.
January 12, 2021 -
468AML / KYCDeutsche Bank to Pay $130m to Resolve FCPA Violations, Fraud Charges
The bank’s employees and agents concealed bribes paid to obtain and maintain lucrative business in Saudi Arabia, Abu Dhabi, Italy and China.
January 12, 2021 -
613ChinaChina: Banks Suspend Opening of Precious Metals Trading Accounts
Seven banks have temporarily stopped opening new accounts for precious metals trading amid concerns that heightened volatility could lead to losses and complaints.
December 1, 2020 -
2.2KAML / KYCHong Kong to Align Crypto Regulatory Framework with FATF Standards
The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.
November 3, 2020 -
1.2KEnforcementUS Authorities Settle JP Morgan Spoofing Charges for $920m
The settlement will fully resolve investigations carried out by the DOJ, CFTC and SEC into trades made over nearly ten years.
October 1, 2020 -
1.5KEnforcementScotiabank Resolves DOJ, CFTC Spoofing Charges for $127.4m
Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.
August 21, 2020 -
936FeatureJPX Completes Transfer of TOCOM Products to Osaka Exchange
Under the new integrated exchange, brokers need a single licence to trade both securities and commodities. Clearing houses JSCC and JCCH have also been integrated.
July 28, 2020 -
2.1KAML / KYCMalaysia Replaces AML/CFT Framework with Two Policy Documents
The first document is for banks, insurers, money services businesses and payments providers. The second is for NBFIs and DNFBPs, including lawyers, accountants, casinos, real estate agents and trust companies.
January 3, 2020
