Hong Kong has established the Digital Asset Anti-Money Laundering Professional Committee (DAAMC) to enhance anti-money laundering and counter-terrorism financing (AML/CFT) standards within the digital asset industry. The committee, […]
BIS Proposes AML Risk Scores for Crypto Conversion: A New Anti-Money Laundering Strategy
The Bank for International Settlements (BIS) has proposed a new measure to combat illicit finance in the cryptocurrency sector. The proposal recommends assigning anti-money laundering (AML) risk scores […]
Hong Kong Customs and University Collaborate on Anti-Money Laundering Workshop
A collaborative workshop focusing on anti-money laundering capacity building, titled ‘Regional Anti-Money Laundering Capacity Building: New Challenges in the Traditional and Digital Era,’ was held from June 9 […]
China Takes Action Against Illegal Financial Activities in 2025
In a strategic meeting held in Beijing on April 10, 2025, the Chinese government unveiled comprehensive plans to combat illegal financial practices. The Inter-Ministerial Joint Conference and a […]
OKX Faces €1.1 Million Penalty Over Anti-Money Laundering Violations
The Maltese Financial Intelligence Analysis Unit (FIAU) has levied a significant €1.1 million fine on OKX, a cryptocurrency exchange, for violating anti-money laundering regulations. This latest regulatory setback […]