ChinaChina’s Ministry of Foreign Affairs announced countermeasures against U.S. companies for their involvement in arms sales to Taiwan.
China’s State Administration of Foreign Exchange implemented the Measures for the Administration of Banking Foreign Exchange Business on Dec. 29, 2023, which aim to prevent cross-border capital flow risks and promote cross-border trade, investment, and financing facilitation.
U.S. lawmakers target ransomware payments, IRS-CI chief joins Chainalysis, and more, in the weekly roundup.
To Evade AML Rules, Exchange Blocked US Clients from Stating Their Locations
A global cryptocurrency exchange and trading platform registered in the Cayman Islands and Seychelles but secretly run from China, Singapore and elsewhere laundered hundreds of millions of dollars from a broad range of crimes since opening in 2017, U.S. authorities alleged Tuesday.
The Hong Kong Securities and Futures Commission suspended Andy Wong Yeung, the former director and responsible officer in charge of overall management oversight of City International Futures (Hong Kong) Limited, until Nov. 8, 2024.
The Hong Kong Monetary Authority disciplined the North Point, Hong Kong-based chapter of the foreign exchange company under the Payment Systems and Stored Value Facilities Ordinance.
| Technical | Effectiveness |
|---|---|
| Compliant : 9 | High : 0 |
| Largely Compliant : 22 | Substantial : 3 |
| Partially Compliant : 5 | Moderate : 4 |
| Non-Compliant : 4 | Low : 4 |
Pakistan's technical compliance was re-rated in a Nov. 29, 2022 follow-up report
| Rank : 94/110 |
| Score : 6.7/10 |
| Rank : 78/179 |
| Score : 42/100 |
| Rank : 25/133 |
| Score : 60/100 |