Tag: AML
AML rules for digital assets to come into effect in UAE
Under new rules from the Central Bank of the United Arab Emirates (CBUAE), licensed financial institutions (LFIs) would be required to verify the iden [...]
UK Will Need New Data, Privacy, AML Laws to Accommodate Future Digital Pound, Lawyers Say
“There's no such thing in this country as a central bank digital currency, so they would need to create new legislation around what that would look li [...]
Coinbase CEO hints its new layer-2 network could include AML measures
Coinbase chief executive Brian Armstrong has hinted that the firm’s new Layer-2 blockchain network Base may be subjected to transaction monitoring and [...]
Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi
A bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon [...]
Researchers use zero-knowledge to address privacy, AML concerns in stablecoins
Researchers from German crypto blockchain-based payments fintech etonec and other organizations have proposed using zero-knowledge proofs to ensure re [...]
US DOJ split over charging Binance in the 2018 AML investigation: Report
The United States Department of Justice (DOJ) is nearing the completion of its investigation into cryptocurrency exchange Binance, which started in 20 [...]
Countries ignoring crypto AML rules risk placement on FATF’s ‘grey list’ — Report
Countries failing to adhere to anti-money laundering (AML) guidelines for cryptocurrencies could find themselves added to the Financial Action Task Fo [...]
S. Korean watchdog goes after crypto whales to ensure AML compliance
South Korea’s financial watchdog, The Financial Service Commission (FSC), would monitor crypto whales with assets of over 100 million won ($70,000) to [...]
FCA's Crypto AML Compliance Chief Steps Down
Mark Steward, who led the enforcement of anti-money laundering measures for crypto in the U.K., is stepping down after seven years with the Financial [...]
Japan Greenlights Tougher AML Rules for Crypto
A cabinet decision to revise six foreign exchange laws closely follows a government plan to introduce new rules for remittances, all aimed at tighteni [...]
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 [...]
Taiwan Approves 24 Crypto Platforms, Including WOO Network, for AML Compliance
Taipei is bringing crypto into its regulatory fold.
www.coindesk.com [...]
Indian authorities freeze $8.1M in WazirX funds as part of AML investigation
India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exc [...]
EU officials reach agreement on AML authority for supervising crypto firms
The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset ser [...]
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 dist [...]