CRYPTO / DIGITAL ASSETS

AML / KYC

Japan Regulators Order Crypto Exchange to Improve AML Systems

By Editors | 02/01/2021

Avacus Co Ltd must build an AML/CTF risk management system that ensures transactions are confirmed and recorded at the time of transaction.

Crypto / Digital Assets

IOSCO Offers Guidance on Educating Investors on Crypto Asset Risk

By Editors | 29/12/2020

The report identifies the possible risks to retail investors in crypto-assets and describes how regulators can help inform them about these risks.

AML / KYC

UPDATED – FinCEN Proposes Reporting, Recordkeeping Rules for Crypto

By Editors | 23/12/2020

Under the proposed rule, FIs will have to keep records of customers’ crypto transactions and counterparties, and whether they are using unhosted wallets.

Crypto / Digital Assets

UPDATED: US SEC Files Lawsuit Against Ripple, Top Execs

By Editors | 22/12/2020

The lawsuit will allege that Ripple, its CEO and its Co-founder sold unlicensed securities that should be registered with the SEC.

AML / KYC

FATF Warns of Continued Criminal Exploitation of Covid-19

By Manesh Samtani | 17/12/2020

The effective use of technology to support onboarding and ensure effective information sharing has become even more important, the FATF says.

AML / KYC

Korea’s FIU Upgrades AML System to Boost Processing Capacity

By Editors | 17/12/2020

The upgraded AML system has increased KoFIU’s processing capacity by about five times, helping it address an increasing number of suspicious transaction reports it receives.

Crypto / Digital Assets

SFC Issues First Licence to Digital Asset Trading Platform

By Editors | 16/12/2020

The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.

Press Release

Regulation Asia Awards for Excellence 2020 – Results Announcement

By Editors | 15/12/2020

Regulation Asia held its third annual Awards ceremony on 15 December 2020 to recognise those in the industry that have helped address changing regulatory requirements in Asia Pacific over the past year.

Press Release

Onchain Custodian Recognised for ‘True Compliance Mindset’

By Editors | 15/12/2020

Onchain Custodian provides enterprise grade custody services for the cryptoasset sector, offering investors certainty that their digital assets are held securely.