Infinox Capital has been fined £99,200 by the UK’s Financial Conduct Authority (FCA) for failing to submit tens of thousands of transaction reports.
The FCA said Infinox did not submit 46,053 transaction reports, “which risked market abuse going undetected”.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
Joint FATF and MONEYVAL Standards Training completed
MONEYVAL
Last week, the FATF Training Institute in partnership with the MONEYVAL Secretariat, delivered a successful Standards Training Course at the Guardia di Finanza Economic-Financial Police School in Ostia, Italy.
Over the course of a week, 41 participants from FATF and MONEYVAL jurisdictions increased their knowledge on combatting money laundering, terrorist financing and proliferation financing.
This event was made possible thanks to the generous support of the Italian authorities who created a great opportunity for MONEYVAL members to benefit from this valuable training. The MONEYVAL Secretariat’s contribution was highly appreciated in this context.
Notice Of Crypto Token Recognition
DFSA
THE DFSA HEREBY GIVES NOTICE THAT:
In accordance with GEN Rule 3A.3.4 of the DFSA Rulebook, the following Crypto Tokens have been recognised by the DFSA:
USDC
EURC
The DFSA’s current list of Recognised Crypto Tokens can be found on the DFSA website.
AUSTRAC campaign targets remitters and digital currency exchanges
Austrac
AUSTRAC recently took action against 13 remittance and digital currency exchange providers with more than 50 others still in its sights.
The anti-money laundering regulator is wrapping up a year-long blitz to target non-reporting and under reporting, issuing another round of alerts to the industry’s potentially non-compliant operators.
AUSTRAC CEO Brendan Thomas said alerts are a precursor to potential regulatory action and identify AUSTRAC’s concerns that operators may not be reporting suspicious matters and transactions to AUSTRAC.