Crypto / Digital Assets

AML / KYC

FATF Highlights Progress to Adopt AML Standards for Virtual Assets

By Manesh Samtani | 08/07/2020

35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.

AML / KYC

Using Privacy Preserving Analysis to Tackle Financial Crime

By Manesh Samtani | 07/07/2020

Privacy enhancing technologies, or PETs, may provide a “similar or, even, identical utility” compared to analysis of the raw data in some use-cases, says an FFIS paper.

AML / KYC

FATF Progresses Key Initiatives at June 2020 Plenary

By Editors | 30/06/2020

The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.

AML / KYC

NZ Police Seize $90m Allegedly Laundered with Bitcoin

By Editors | 25/06/2020

The seized bank funds, said to be connected to suspected Russian money launderer Alexander Vinnik, represent the largest ever asset restraint in New Zealand police history.

Crypto / Digital Assets

India Considers Next Steps to Regulate Cryptocurrency

By Editors | 17/06/2020

Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.

AML / KYC

Chinese Police Freeze 4,000 Bank Accounts in Crypto Probe

By Editors | 11/06/2020

Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.

Market Infrastructure

High-Level Forum Charts Course to Achieve EU Capital Markets Union

By Editors | 11/06/2020

In a new report, the EU’s High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.

AML / KYC

BSP Prepares Guidelines to Regulate Virtual Asset Service Providers

By Editors | 21/05/2020

The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.

Market Infrastructure

Financial Sector Suffers More Cyber Attacks Than Any Other Sector

By Editors | 21/05/2020

But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.