Due Diligence, Laws and Travel Rule

Understanding Crypto Money Laundering, and How to Get a Handle on It

Fintech News

JULY 17, 2024

The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers. Monero transactions have risen steadily, with a notable spike in March 2024 due to a spam event called Black Marble.

Money Laundering

Money Laundering Law Enforcement AML Non-Bank

Hong Kong Consults on Proposed Approach to Stablecoin Legislation

Global Fintech & Digital Assets

JANUARY 8, 2024

Under existing Hong Kong laws, stablecoin arrangements could potentially fall within the definition of a “stored value facility” (SVF) under the Payment Systems and Stored Value Facilities Ordinance (PSSVFO) and be subject to applicable licensing requirements, depending on how the stablecoin arrangements are structured.

Stablecoins

Stablecoins Consulting Issuers Non-Bank

Payments Space

Understanding Crypto Money Laundering, and How to Get a Handle on It

Hong Kong Consults on Proposed Approach to Stablecoin Legislation

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