Tag: AML
Jack Dorsey’s Block fined $40M for alleged crypto compliance, AML failures
Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash [...]
Jack Dorsey’s Block fined $40M for alleged crypto compliance, AML failures
Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash [...]
Malta regulator fines OKX crypto exchange $1.2M for past AML breaches
Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money [...]
Malta regulator fines OKX crypto exchange $1.2M for past AML breaches
Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money [...]
AML Bitcoin creator convicted of wire fraud, money laundering
The founder of a cryptocurrency exchange whose namesake was tied to Anti-Money Laundering (AML) was found guilty of wire fraud and money laundering in [...]
FX week in review: INFINOX acquired, UFC Asia partner, Skilling CEO, NinjaTrader AML issues
Who acquired control of leading Retail FX and CFDs broker INFINOX?
Which online broker has become the Offici [...]
BitMEX Pleads Guilty to AML Violations
BitMEX, a Seychelles-based cryptocurrency exchange, pleaded guilty to violating the Bank Secrecy Act (BSA). The U.S. Department of Justice (DOJ) char [...]
U.S. SEC Sues Crypto-Friend Silvergate Bank, Alleging ‘Misleading’ Statements Around AML Program
"On several occasions prior to November 2022, Lane and Fraher – and through them SCC – became aware that the Bank had serious deficiencies in its BSA/ [...]
European Parliament Adopts Anti-Money Laundering Rules Package That Will Also Regulate Crypto
The new measures also seek to give people or entities with "legitimate interest," including journalists, media professionals, civil society organizati [...]
Crypto.com Postpones South Korea Launch Following Reports of Money Laundering Probe
“Crypto.com maintains the highest Anti-money Laundering (AML) standards in the industry. We will postpone our launch and take this opportunity to make [...]
It’s Time to Scrap AML/KYC Entirely
It’s Time to Scrap AML/KYC Entirely
www.coindesk.com [...]
Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto
"We're mitigating risks linked to large sums of money with an EU-wide limit of 10,000 euros for cash payments. At the same time, we're addressing risk [...]
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
“Because we aggregate and standardize AML information, we can provide a comprehensive view of web3 wallets that meets the standards expected of compli [...]
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.
www.coindesk.com [...]
Crypto Provisions Dropped From 2023 U.S. Defense Bill
Two crypto provisions addressing anti-money-laundering concerns were dropped from a joint version of the National Defense Authorization Act, a militar [...]