AML / KYC

AML / KYC

Taiwan Prohibits Credit Card Usage for Crypto Transactions

By Darien Choong | 28/07/2022

Credit card companies that process payments for transactions involving virtual assets will have three months to stop.

AML / KYC

FATF Issues Final AML Guidance for Real Estate Sector

By Editors | 27/07/2022

The guidance sets out the primary risks for the real estate sector and the measures needed to take adequately mitigate these risks.

AML / KYC

UK: Most Crypto Firms Simply Withdrew Their FCA Applications

By Mark Johnston | 26/07/2022

The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.

AML / KYC

UK Requires Crypto Firms to Report Sanctions Breaches

By Editors | 26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

AML / KYC

FATF Offers Guidance on Private Sector Information Sharing

By Editors | 25/07/2022

The report features information sharing case studies from the UK, Singapore, Netherlands, the US, Estonia, and Germany.

AML / KYC

Russia Creates Hurdles for Foreign Banks Trying to Exit

By Manesh Samtani | 24/07/2022

Societe Generale is the only major bank that has exited Russia so far. HSBC has struck a deal to sell its Russian business but will need regulatory approval.

AML / KYC

US Recovers Crypto Ransoms Paid by Healthcare Providers

By Editors | 23/07/2022

The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.

AML / KYC

HKMA, Cyberport Jointly Promote Use of AML RegTech

By Editors | 22/07/2022

HKMA, Cyberport and Deloitte co-organised the second AMLab, focusing on low-barrier technologies such as RPA and visualisation tools.

AML / KYC

ACCC Chair Calls for Joint Response to Financial Scams

By Sanday Chongo Kabange | 21/07/2022

ACCC chair Gina Cass-Gottlieb says banks have a responsibility to protect customers from investing in scam cryptocurrency schemes.