South Korea’s financial watchdog, The Financial Service Commission (FSC), would monitor crypto whales with assets of over 100 million won ($70,000) to prevent money laundering efforts using digital as...
Tag: AML
Japan revises AML regulations amid North Korean cyber attacks
The Japanese government okayed amendment laws to prevent crypto AML. Japanese police warned of cyber attacks by North Korea backed Lazarus group. According to local media reports, the Japanese governm...
Japan greenlights stringent AML rules for crypto. Will they help with the Lazarus Group?
Japan has a field day with the crypto space in the preceding twenty-four hours. Lazarus, a North Korean hacking group, has been identified by Japan’s national police as the group responsible for years...
EU commissioner McGuiness says privacy, AML may look different from US under MiCA
Fintech needs to communicate better, according to a top European Commission (EC) financial official. People ask what the need for financial technology is, and the industry has answers, but “we need to...
The First Multichain Explorer With Functionality For AML Checks – crypto.news
Explorer is one of the most important tools for crypto enthusiasts. It can be used to check the status of transactions and obtain data about crypto wallets. Previously, the crypto community members ha...
India’s AML watchdog unfreezes accounts of crypto exchange WazirX
India-based cryptocurrency exchange WazirX has announced that the country’s anti-money laundering (AML) watchdog has “unfrozen” the crypto platform’s accounts. An update the crypto exchange published ...
US prosecutors probing Binance over AML compliance since December 2020 – Reuters
U.S. prosecutors have been probing Binance’s anti-money laundering compliance, operations, and internal communications since December 2020, Reuters reported on Sep. 1, citing people familiar with the ...
The EU is on the verge of creating a new AML regulator that will oversee crypto
The European Union is poised to create a brand new regulator with direct crypto oversight. While the crypto industry’s attention has been on the Markets in Crypto Assets regulation and the controversi...
EU Mulling New AML Regulator To Oversee The Crypto Space
Significant Implications For Financial Institutions The crypto industry has been focused on the Markets in Crypto Assets regulation and the more controversial Transfer of Funds Regulation. However, t...
BitMEX Top Employee Gregory Dwyer Plead Guilty to AML Violations
– Advertisement – BitMEX Employee Gregory Dwyer Plead Guilty to AML Violations. Australian cryptocurrency mogul and former top executive at BitMEX Gregory Dwyer on August 8th pleaded gui...
TRM Labs Company Intelligence
August 2, 2022, 1:41PM EDT • 23 min read Quick Take Founded in 2018, TRM Labs is a blockchain intelligence company that provides various compliance and forensics services for public and private sector...
Korean crypto exchange KODA to use Uppsala to boost AML and threat detection » CryptoNinjas
Uppsala, a blockchain security service provider for crypto AML/CTF, transaction risk management, regulatory compliance, and transaction tracking, has announced today that it has signed a contract to s...
Coinfirm adds support for blackfridge’s Poundtoken (GBPT) to its AML platform » CryptoNinjas
blackfridge, a blockchain financial company & issuer of Poundtoken (GBPT), announced it has integrated the stablecoin on crypto RegTech provider Coinfirm’s AML platform. Integrating Poundtoken to ...
Meet GetBlock.net: The First Multichain Explorer With Functionality For AML Checks
– Advertisement – Explorer is one of the most important tools for crypto enthusiasts. It can be used to check the status of transactions and obtain data about crypto wallets. Previously, t...
the first multichain explorer with functionality for AML checks –
Explorer is one of the most important tools for crypto enthusiasts. It can be used to check the status of transactions and obtain data about crypto wallets. Previously, the crypto community members ha...
Binance Sets High KYC and AML Standards to Boost User Protection
Cryptocurrencies are gradually becoming an integral part of the global financial market, with about 100,000 people joining the crypto space daily. Crypto exchanges are the first entry point for many n...
Crypto Firms in Hong Kong will seek License Through AML Law
The proposed legislation will also include dealers in precious metals and stones (DPMS). In June, the Anti-Money Laundering and Counter-Terrorist Financing Bill 2022 was published in the official gove...
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law – Regulation Bitcoin News
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML)...
EU Reached Partial Agreement to Establish AML Regulatory Body
Officials of the European Union (EU) have reached a partial agreement to establish a new regulatory body that will oversee Anti-Money Laundering (AML) fights in the region. According to a Press Releas...
EU Agrees On New Crypto AML Laws For Crypto Transfer Tracing
The Transfer of Funds Regulation (TOFR) was the subject of a preliminary agreement between the European Union’s Parliament, Council, and Commission on June 29. The regulatory frameworks the E.U. is pu...
Panama president wants the crypto bill to comply with AML laws
Central American countries have been embracing the cryptocurrency market, and over the past year, nations like El Salvador have gone from not only endorsing crypto but also making Bitcoin legal tender...
Binance sets high standards for AML and KYC with their user-first approach
With cryptocurrencies slowly gaining momentum and going mainstream, it has become important for key industry participants in the crypto space to make sure that crypto transactions are not being used f...
Top South Korean Crypto Exchanges Delist Litecoin (LTC) for KYC and AML Reasons
Upbit and other South Korean crypto exchanges are choosing to shed off LTC in hopes of staying compliant and avoiding troubles with the regulatory agencies. As of Wednesday, June 8, 2022, all five lic...
Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced ...
Panama President Wants AML Measures Before Signing Crypto Law
The president of Panama has refused to sign into law new crypto legislation saying it needs stricter anti-money laundering (AML) compliance measures. The bill was passed by the country’s legislative a...
Panama Pulls Back On Legalizing Crypto, President Wants Compliance With AML Laws
Panama has decided to postpone the legalization of digital assets. According to multiple sources, Panamanian President Laurentino Cortizo has stated that he will not sign the crypto bill. The presiden...
Panama’s Crypto Bill Faces Setback as President Calls for Stricter AML Controls
Panama’s President Laurentino Cortizo has called for stricter anti-money laundering (AML) controls in the much-anticipated bill that aims to regulate the use of cryptocurrencies, passed by the general...