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AML / KYC
Hong Kong Saw Almost HK$400m in Crypto Scams in H1 2022
By Editors | 11/08/2022
Crypt-related scams, job scams and online shopping scams made up the top three types of cybercrimes in Hong Kong in the first half of this year.
AML / KYC
Iran Makes First Import Order Using Crypto – Report
By Editors | 10/08/2022
By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.
AML / KYC
OFAC Sanctions Crypto Mixing Service Tornado Cash
By Manesh Samtani | 09/08/2022
The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.
AML / KYC
Russia Bars Asset Sales by Investors from Unfriendly Nations
By Editors | 09/08/2022
A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.
AML / KYC
SEBI Issues Rules on Trading Account Deactivation for Inadequate KYC
By Editors | 09/08/2022
Trading or demat accounts will be automatically deactivated if a show-cause notice or order issued by SEBI is undeliverable at the addresses mentioned in KYC records.
AML / KYC
FSB Gives Full Support to Wide LEI Use in Global Payments
By Clare Rowley | 09/08/2022
The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.
AML / KYC
US Secures Extradition of Former Crypto Exchange Operator
By Editors | 09/08/2022
Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.
AML / KYC
China Sanctions Pelosi, Halts US Cooperation on Crime, Climate
By Editors | 08/08/2022
China sanctioned US House Speaker Nancy Pelosi and her immediate family over her visit to Taiwan, and will suspend cooperation with the US in a number of areas.
Enforcement
OFAC Investigating Kraken for Alleged Sanctions Violations
By Editors | 07/08/2022
Kraken is suspected of allowing Iranian users to utilise Kraken’s services, in violation of federal sanctions.
AML / KYC
Switzerland Aligns with EU in Latest Russia Sanctions
By Editors | 05/08/2022
The Swiss government is imposing a ban on buying, importing or transporting gold and gold products from Russia. Sberbank is also banned.
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