PUBLIC NOTICE In light of the recent APA Insurance Indemnity (PI) cover fraud, the Commission as the regulator of the Financial dealers hereby instructs all Financial Dealers Licensees (The “FDL”) currently holding APA Insurance PI cover to secure an alternative cover from an approved Insurer immediately. The Commission requires the affected FDL to inform the...
How can the global financial system make sure that cryptocurrencies are not used for laundering money? Here’s a very clearly articulated explanation by Rick McDonell-Nadeau, former Executive Secretary of the Financial Action Task Force (FATF), in his video series “The FATF explained”. All about VASPs and the FATF – Part 1. From “The FATF Explained”...