AML / KYC

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    Crypto / Digital Assets

    “Consistency” and “Cooperation” To Form Next Steps in Crypto Regulation

    By Jill Wong | 15/09/2023

    Chengyi Ong, Chainalysis’ head of policy, APAC, talks to Regulation Asia about the perceived policy direction in crypto regulations.

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    Enforcement

    US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years

    By Editors | 14/09/2023

    OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.

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    AML / KYC

    Singapore Announces New Initiatives to Support Family Offices

    By Editors | 14/09/2023

    The initiatives will help new family offices orientate themselves in Singapore and strengthen their financial crime compliance capabilities.

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    AML / KYC

    Singapore’s PayNow to End ‘Nickname’ Feature Next Year

    By Sanday Chongo Kabange | 12/09/2023

    The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.

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    AML / KYC

    APG Releases Mutual Evaluation Report for Nepal

    By Manesh Samtani | 12/09/2023

    Nepal’s AML/CFT regime has undergone significant reform since its 2011 mutual evaluation, however further legislative amendments are needed.

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    AML / KYC

    CFTC Commissioner Calls for Creation of National Financial Fraud Registry

    By Sanday Chongo Kabange | 12/09/2023

    Commissioner Christy Goldsmith Romero says a centralised national financial fraud registry would enable the public to protect themselves from fraudsters.

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    AML / KYC

    No Place to Hide: US Court Upholds Sanctions on Decentralised Crypto Platform

    By James Gillespie | 11/09/2023

    RUSI’s James Gillespie discusses what the Tornado Cash case means for holding DeFi platforms accountable under AML and sanctions laws.

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    Enforcement

    CFTC Penalises Three DeFi Operators for Offering Services Illegally

    By Editors | 11/09/2023

    Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.

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    AML / KYC

    FinCEN Issues Alert on “Pig Butchering” Scams

    By Editors | 11/09/2023

    FinCEN provides red flags to help in the identification of pig butchering activity so that FIs can report this activity and enable law enforcement to track down the perpetrators.

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    AML / KYC

    Taiwan Digital Ministry Announces New Anti-Fraud Measures

    By Editors | 09/09/2023

    The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.

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