The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
February 20, 2023Financial Services Agency Japan, was recognised as Regulator Project of the Year for its efforts to enhance Japan’s AML/CFT regime.
November 22, 2022Crypto tokens will reportedly be able to list within 30 days. Currently, the screening process for a new listing takes around six months to a year.
October 24, 2022Most remittance dealers and remittance network providers did not submit any SMRs in the reporting period assessed by AUSTRAC.
September 28, 2022Personal income tax evasion was the most common suspected offence, linked to 52% of SMRs, though the associated values were low.
September 27, 2022The FSB's recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF's Clare Rowley.
August 9, 2022The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.
May 9, 2022The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.
May 6, 2022Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.
April 13, 2022Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.
February 16, 2022