Tag: AML
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 [...]
European watchdog lists crypto next to lawyers, accountants as an AML threat
Europe’s Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) watchdog, MONEYVAL, has listed monitoring the crypto sector along [...]
Europe’s Lawmakers Set to Advance Discussion of Controversial Crypto AML Rules
Lawmakers could be swayed by the risk of a legal challenge, Schrepel believes – but in practice it may be difficult to get them to retreat from a posi [...]
OCC issues order against Anchorage Digital over AML compliance
The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and desist proceedings against cryptocurrency [...]
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
"As of 2021, the bank failed to adopt and implement a compliance program that adequately covers the required BSA/AML program elements, including, in p [...]
Digital Euro May Get Easier AML Rules Than Bitcoin, EU Commissioner Says
“A digital euro should comply with AML requirements but this is different to the current discussion on cryptoassets,” she said in a written interview. [...]
How Europe’s new AML regulation will affect crypto
According to recent media reports, six European countries, led by Germany, are working on launching an Anti-Money Laundering (AML) body that will incl [...]
EU members reportedly plan for AML watchdog to oversee crypto firms by 2024
The European Commission, in coordination with other authorities, reportedly plans to have its financial watchdog group potentially oversee illicit tra [...]