The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs). As mainstream financial ...
Tag: AntiMoney
India subjects crypto transactions to anti-money laundering law
While there’s nothing new in imposing anti-money laundering (AML) standards on crypto, it is only now that the Indian government has decided to notify all interested parties of the obligation to compl...
Self-hosted wallet ban avoided in new draft of EU’s anti-money laundering bill
Self-hosted addresses, formerly known as “unhosted wallets” in the European Union’s policies, are back in discussion as European Parliament staff look to clarify that lawmakers do not want an ou...
Warren pledges to reintroduce crypto anti-money laundering bill
Sen. Elizabeth Warren, D-Mass., said she plans to reintroduce legislation with Sen. Roger Marshall, R-Kan., that would extend anti-money laundering laws to a broad array of the cryptocurrency ecosyste...
86% of UK Crypto Firms Fall Short of Anti-Money Laundering Standards, FCA Reveals ⋆ ZyCrypto
Advertisement     On Friday, the UK Financial Conduct Authority (FCA) revealed that only 41 crypto firms had passed its regulatory approval scrutiny out of 300 applica...
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations – Bitcoin News
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan....
Coinbase Fined $50 M for Lax Anti-Money Laundering Measures
Per a report from the New York Times (NYT), crypto exchange Coinbase (COIN) reached an agreement with the New York Department of Financial Services (NYDFS). The company will pay around $100 million to...
What’s in Senator Warren’s new Digital Assets Anti-Money Laundering Bill?
Senators Elizabeth Warren and Roger Marshall have proposed a bill on Dec. 14 to curb money laundering and terrorist and rogue nation financing via cryptocurrency. The bill, referred to as the Digital ...
Anti-Money Laundering Global Market Outlook Report 2022-2027: Natural Language Processing (NLP) and Soft Computing Techniques Gaining Momentum – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Anti-Money Laundering: Global Market Outlook” report has been added to ResearchAndMarkets.com’s offering. The scope of the study includes anti-money laundering development ...
Delay in EU’s vote on MiCA could also slow down anti-money laundering legislation
The European Parliament’s delay on a final vote over comprehensive framework for regulating crypto assets could delay other crypto legislation in the EU pipeline. The Markets in Crypto Ass...
Expansion in Europe by Coinbase Supported Anti-Money Laundering Body
Coinbase aided anti-money laundering groups widens their web into Europe. The Financial Action Task Force (FATF) plays an important role. Travel Rule Universal Solution Technology (TRUST) has mostly f...
South Korea’s financial watchdog to monitor crypto whales on adherence to anti-money laundering laws
The Financial Services Commission (FSC), South Korea’s financial regulator, will monitor the country’s largest crypto holders after raising concerns about the high risk associated with money launderin...
Bittrex Fined With $53 Million For Violating Anti-Money Laundering Laws
Cryptocurrencies are supposed to be censorship resistant… Cryptocurrency exchanges, not so much. Bittrex found this out the hard way after a record fine imposed by the U.S. regulators. On October 11, ...
EU Lawmaker Want Anti-Money Laundering Law to Apply to Crypto
The EU Lawmakers released a draft that referred to money laundering through Metaverse, DeFi, and NFTs. An issuing compromise may subject those who govern decentralized autonomous organizations (DAOs) ...
Japan set to introduce anti-money laundering laws targeting crypto exchanges
Japan is ramping up its initiatives to regulate the use of cryptocurrency in aiding criminal activities through exchanges by revising some of the existing financial sector laws. In particular, Japane...
ePayments shutters as FCA Anti-Money Laundering regulations tighten
The electronic payments provider ePayments is putting the final nail in the coffin of its operations. ePayments issued email notices to clients on Tuesday, stating that it is officially closing its bu...
US Prosecutors Scrutinized Chanpeng Zhao’s Phone Records in Anti-Money Laundering Probe
Binance was mandated to submit extensive internal records of its dealings and how it complied with anti-money laundering (AML) rules in the US. New reports have surfaced, revealing that US federal pro...
Georgia aims to adopt European crypto standards for Anti-Money Laundering
Georgia, one of the world’s most cryptocurrency-friendly countries, is moving to introduce new crypto regulations to pursue its ambitions of becoming a global crypto hub. Georgian lawmakers have prepa...
BitMEX Executive Pleads Guilty to Violating US Anti-Money Laundering Program
Two years ago, the Commodity Futures Trading Commission, Department of Justice and the Financial Crimes Enforcement Network (FinCEN) slapped BitMex with civil and criminal charges after the firm allow...
EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies – Regulation Bitcoin News
European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activitie...
EU Finalizes Crypto Anti-Money Laundering Rules, Walks Back Tracking of Private Wallets
The European Union (EU) reached a deal on Wednesday regarding anti-money laundering rules that would apply to a large number of cryptocurrency transactions. The new rules aim to prevent money launderi...
Crypto Exchanges Might Lose Their Licenses if Involved in Anti-Money Laundering Rules
The Crypto market collapse is now tempting every nation to make more strict rules on cryptocurrency-related activities to prevent future disasters. And many major countries have already taken a call f...
Copper’s Swiss unit gains regulatory nod for anti-money laundering standards
Crypto custody provider Copper announced on Monday that its Swiss unit has gained regulatory approval from the country’s Financial Services Standard Association. The body, known as VQF, is a sel...
Panama President demands strict anti-money laundering measures in new crypto law
Panama’s President Laurentino Cortizo said he will not sign the new cryptocurrency bill until it provides provisions for stricter anti-laundering controls, Bloomberg News reported on May 19. President...
Anti-money laundering madness: crypto suffers
Anti-money laundering regulations have long since become the hottest and most problematic issue for those operating in the world of crypto and digital assets. Crypto under the crosshairs of anti-money...
Argentinian Regulator to Propose Anti-Money Laundering Measures for Crypto Firms – Bitcoin News
The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose...
Argentina Cracks Down on Crypto With Anti-Money Laundering Rules
Argentina is set to include cryptocurrency firms in its wider anti-money laundering (AML) regulatory regime, per the Buenos Aires Times. Argentina’s Unidad de Información Financiera (UIF) is the coun...
EU Wants Anti-Money Laundering Regulator to Monitor Crypto
Key Takeaways The European Union is looking to give its new anti-money laundering watchdog power to monitor the crypto space. Due to launch in 2024, the watchdog will be tasked with reducing financial...
Coinbase, Robinhood, Kraken and Other Top Exchanges Join New Anti-Money Laundering Organization
A slew of prominent exchange platforms are joining a new anti-money laundering initiative. According to a recent blog post by leading crypto exchange Coinbase, it and other popular trading platforms s...