The European Central Bank (ECB) is thinking through the logistics of a hypothetical central bank digital currency (CBDC).
Revealed Tuesday in an ECB report, Europe’s central bankers have developed an anonymity voucher to give prospective CBDC users limited p…
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‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB Report
Ex-KL City Hall dep director charged with laundering RM276k to buy cows
IPOH: A former Kuala Lumpur City Hall deputy director pleaded not guilty to three counts of money laundering totalling RM276,400 for the purchase of 109 cows last year.
Sabudin Mohd Salleh, 58, was charged before Sessions Court Judge S. Indera Nehru.
Accord…
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Paraguay audits crypto to develop regulation to comply with FATF
Paraguay is taking a closer look at its crypto industry in light of the Financial Action Task Force’s (FATF) guidance on virtual asset service providers (VASPs). The country’s head of anti-money laundering (AML) efforts announced a nationwide audit last week …
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Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator
The Swiss Financial Market Supervisory Authority (FINMA) warned the country that Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology.
In its first-ever yearly risk monitor report — published by F…
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EU’s Fifth Anti-Money Laundering Directive: what the crypto-asset sector needs to know
The EU’s Fifth Anti-Money Laundering Directive (5AMLD) will subject certain participants in the crypto-asset sector to regulation for anti-money
laundering (AML) and counter-terrorism financing (CTF) compliance purposes. While it most crypto-asset companies…
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Pakistan’s progress against money laundering acknowledged: Baqir
KARACHI: The Financial Action Task Force (FATF) and the International Monetary Fund (IMF) have praised Pakistan for making key progress against money laundering which is crucial for the country as it seeks to come out of the grey list, said the State Bank Gov…
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Najib’s 1MDB trial to resume on Feb 18
KUALA LUMPUR (Bernama): The trial of Datuk Seri Najib Razak on charges of corruption and money laundering involving 1Malaysia Development Berhad (1MDB) funds will resume on Feb 18.
The former prime minister is facing four charges of having used his positions…
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FATF pushes Pakistan to convict members of banned outfits
ISLAMABAD: The Financial Action Task Force (FATF) has told Pakistan to ensure that individuals affiliated with proscribed organisations were convicted and also sought details of the legal measures it had taken to regulate madrassas.
According to finance mini…
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What The 5th Anti-Money Laundering Directive Means For Crypto Businesses
The European Union’s 5th Anti-Money Laundering Directive (5AMLD) came into effect today, January 10. The regulation was entered as law on July 9, 2018 in an effort to bring increased transparency to financial transactions for pushing back against money launde…
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Lahore Court Dismisses Hafiz Saeed’s Plea to Dismiss Terror Financing Charges Against Him
New Delhi (Sputnik): In April this year, the Imran Khan Government took stern steps against the organisations proscribed under the UN and arrested over 100 people linked with them. Prime Minister Khan on several occasions reiterated that his government will n…
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