All posts tagged "ransomware"
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113AML / KYCCrypto to Become One of the ‘Safest Environments Ever’
Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
July 29, 2021 -
94AML / KYCINTERPOL Calls for Global Action to Prevent ‘Ransomware Pandemic’
Criminals made $350mn in 2020 from ransomware payments, representing an increase of 311% in one year.
July 16, 2021 -
112Big PictureFSB Takes Stock of Covid-19 Lessons on Financial Stability
Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.
July 14, 2021 -
343AML / KYCFATF Plenary Packs Powerful Punch
The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.
June 25, 2021 -
127Australia & NZAustralian Police to Establish Ransomware Taskforce
The new taskforce will enable the Australian police to have a more unified approach to pursue ransomware attackers.
June 22, 2021 -
217AML / KYCG7 Leaders Commit to Acting on Corruption, Shell Companies
The communique highlights a need to tackle the misuse of shell companies and curtail the ability of illicit actors to hide wealth, including in real estate.
June 14, 2021 -
113AML / KYCUS DOJ Recovers $2.3mn of Ransom Paid to Colonial Pipeline Hackers
Investigators were able to track multiple transfers of bitcoin by reviewing the Bitcoin public ledger, and subsequently seized 63.7 bitcoins.
June 9, 2021 -
262AML / KYC
US DOJ Forms Ransomware and Digital Extortion Task Force
The task force will be used to coordinate efforts to combat ransomware attacks, which will now be treated with the severity of terrorism threats.
June 7, 2021 -
743Hong KongHKMA Instructs Banks to Assess Need for Tertiary Data Backup
Banks are asked to critically assess the need to set up a secure tertiary data backup to guard against destructive cyber attacks.
May 19, 2021 -
257AML / KYCUS Prosecutors Unveils New Charges Against North Korean Hackers
Warrants have been issued for the arrest of the three programmers said to be involved in the Sony, WannaCry, Bangladesh Bank and other attacks.
February 22, 2021
