VerifyVASP will be able to help VASP clients obtain an LEI, which can be used in counterparty due diligence and travel rule compliance.
May 26, 2023Indonesia has a strong AML/CFT framework but needs to address risks in some sectors and improve investigation and prosecution. Foresty crime and terrorism financing are some of the country's key risks.
April 28, 2023At a meeting in Tokyo last week, officials and the private sector discussed global progress and challenges in regulating virtual assets.
April 20, 2023The three day event covered themes including cyber-enabled fraud, terrorist financing through crowdfunding, and the risks and challenges associated with hawala.
April 11, 2023Members of the European Parliament approved draft AML/CFT legislation, including plans for the new Anti-Money Laundering Authority.
March 29, 2023The guidance will assist policymakers and practitioners to prevent bad actors from using shell companies for illicit activity.
March 13, 2023Circular sets out expectations for FIs to review their existing controls to ensure they remain adequate to mitigate ML/TF risks in wealth management.
March 6, 2023Participating banks will be able to perform assessments of their customers using information available at any other bank using the new platform.
March 4, 2023New report highlights the need for greater awareness and understanding of the risks and collaboration across public and private sectors.
March 3, 2023Jinrui Futures is the 5th firm to be fined over the use of software that allowed Mainland investors to trade in Hong Kong without opening a local securities account.
February 8, 2023