The FSS is calling on the crypto industry to improve their self-regulatory capabilities until the new Virtual Asset User Protection Act is fully implemented.
June 1, 2023A key objective of the update is to support greater use of technology to generate targeted alerts and more actionable intelligence, the HKMA said.
February 10, 2023China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
January 10, 2023The guidance covers governance, risk assessment frameworks, customer due diligence, enhanced CDD, and suspicious transaction reporting.
August 25, 2022Executive director Carmen Chu says work is underway to update HKMA's guidance on name screening, transaction monitoring and suspicious transaction reporting.
April 27, 2022FinCEN is meanwhile taking steps to boost cooperation with the FIUs of Australia, Canada, France, Germany, Italy, Japan, New Zealand, the UK , and the Netherlands.
March 17, 2022Fines up to JPY 1 million and up to three years' imprisonment are specified for non-compliance with sanctions by crypto exchange platforms.
March 17, 2022Napier covers transaction monitoring, screening, perpetual KYC, risk scoring, and suspicious transaction reporting from within a single integrated platform.
December 10, 2021The agent collected a bag of cash for a property purchase. It was later discovered that the purchaser was an undischarged bankrupt and operated illegal gambling dens.
October 26, 2021The new division will oversee the adoption and implementation of the FATF recommendations on digital assets and VASPs.
August 17, 2021