AML / KYC

    image

    Crypto / Digital Assets

    KoFIU Identifies Over 500,000 Potential KYC Violations at Upbit

    By Mark Johnston | 15/11/2024

    Upbit reportedly accepted identification from customers when the name or registration number on the ID was blurred and not properly identified.

    image

    AML / KYC

    New FinCEN Alert Offers Guidance on Detecting AI Deepfakes

    By Editors | 15/11/2024

    The alert explains typologies and provides red flag indicators to assist in identifying fraud schemes that leverage deepfake media created with GenAI tools.

    image

    Crypto / Digital Assets

    US Files Lawsuit to Recover Crypto Linked to FTX Bribery

    By Nithya Subramanian | 14/11/2024

    Prosecutors are suing to obtain cryptocurrency in an account allegedly connected to bribes paid to Chinese officials before FTX collapsed.

    image

    AML / KYC

    UK FCA Fines Metro Bank for Transaction Monitoring Failures

    By Nithya Subramanian | 14/11/2024

    A data-feeding error meant 60 million transactions were not monitored by Metro Bank over a four-year period.

    image

    AML / KYC

    Unlocking the Potential of AI in Financial Crime Compliance

    By Bradley Maclean | 14/11/2024

    New research explores the potential of AI in financial crime compliance, highlighting pressing pain points and offering a roadmap for adoption.

    image

    AML / KYC

    OFAC Probes UBS for Russia Risk from Credit Suisse Takeover

    By Editors | 13/11/2024

    OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.

    image

    AML / KYC

    Spanish Police Chief Arrested Over Links to Criminal Gangs

    By Nithya Subramanian | 13/11/2024

    Óscar Sánchez Gil was until recently the head of the fraud and AML division of Spain’s national police force in Madrid.

    image

    AML / KYC

    Australia’s AGD Issues Supplementary Submission on AML Amendment Bill

    By Thisanka Siripala | 13/11/2024

    The AGD responds to issues raised in submissions to the Senate Legal and Constitutional Affairs Legislation Committee on certain aspects of the Bill.

    image

    AML / KYC

    China Approves Passage of Revised Anti-Money Laundering Law

    By Manesh Samtani | 13/11/2024

    The revised law takes effect on 1 January 2025, strengthening FIs’ AML obligations, increasing penalties for breaches, and enabling China to introduce its own high-risk country list.

    image

    AML / KYC

    Vietnam: SBV to Establish New Anti-Money Laundering Department

    By Editors | 12/11/2024

    The new department is part of amendments to the functions, missions, authority and organisational structure of the State Bank of Vietnam.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team