AML / KYC

AML / KYC

SBV Issues Circular on Money Laundering Prevention and Control

By Mark Johnston | 01/08/2023

The circular specifies the obligations of reporting entities, including obligations to report high-value and suspicious transactions.

AML / KYC

India Supreme Court Criticises Government for Not Addressing Crypto Crime

By Editors | 01/08/2023

India’s Supreme Court asked the government whether it can establish a “national specialised agency” to investigate crypto-related crimes.

AML / KYC

US Senate Approves Defence Bill with Provisions Targeting Crypto Mixers

By Editors | 31/07/2023

The US Senate’s approval of the 2024 NDAA includes stringent provisions aimed at cryptocurrency mixers, marking a regulatory milestone.

Crypto / Digital Assets

Bendigo Bank Blocks “High-risk” Payments to Crypto Exchanges

By Editors | 31/07/2023

New rules for instant payments to crypto exchanges are designed to primarily target investment scams, Bendigo Bank said.

AML / KYC

SEBI Considers Tweaks to Derivatives Market Onboarding Process

By Sanday Chongo Kabange | 31/07/2023

SEBI dismissed media reports that suggested the regulator was seeking to impose curbs on retail participation in derivative markets.

AML / KYC

Malaysia Records Surging Suspicious Transactions and Scams

By Ranamita Chakraborty | 31/07/2023

Bank Negara Malaysia’s deputy governor revealed that the central bank’s financial intelligence unit saw a nearly 30 percent increase in suspicious transaction reports compared to the previous year.

AML / KYC

India Arrests Four in Bribery Case, Including Ministry Officials

By Editors | 31/07/2023

CBI arrested four individuals, including three Ministry of Corporate Affairs officials, in a bribery case linked to Alok Industries.

AML / KYC

More Officials Under Probe as China Broaden’s Anti Corruption Campaign

By Editors | 31/07/2023

Beijing intensifies anti-corruption efforts, investigating a high-ranking rural banking official and expelling another four senior Communist Party officials.

AML / KYC

HKMA, SFC Offer New Guidance on Suitability Obligations

By Manesh Samtani | 30/07/2023

HKMA and SFC say intermediaries can tailor their point-of-sale procedures to the personal circumstances of sophisticated professional investors.