Tag: AML
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 [...]
Italy Formally Lays Out Crypto Firms' New AML Requirements
Italy has published new anti-money laundering (AML) rules for crypto firms in Italy’s formal journal of record, indicating the rules are ready to take [...]
Estonia’s new AML laws set to clamp down on crypto industry
Beginning in February, Estonia is set to introduce sweeping changes to its definition of Virtual Asset Service Providers, or VASPs, to include seve [...]
Binance Turkey Fined 8m Lira For Violating AML Law
More woes for the world’s most popular crypto exchange Binance, this time in Turkey. Binance Turkey has been fined 8 million lira (almost $750,000) [...]
Israel’s New AML Rules May Help Banks Onboard Crypto Clients
“We hope that this order will significantly reduce transfer blocks and the denial of banking services experienced by crypto users and investors, an [...]
Israel reportedly adopts new AML rules for crypto
Israel has reportedly enacted new regulations related to the cryptocurrency industry in order to combat illegal activities like money laundering an [...]
Cryptocurrency AML Specialist Notabene Raises $10M
Crypto exchanges Luno and Bitso, who are Notabene customers, also took part alongside Blockfi, Gemini Frontier Fund, Illuminate Financial, CMT Digi [...]
Crypto exchange Bitfinex testing new AML compliance tool
Cryptocurrency exchanges Bitfinex is preparing to test out a new Anti-Money Laundering (AML) tool on its platform.The firm announced Wednesday that [...]
FATF to Publish Crypto AML Guidance Next Week
As well as further clarification on the definition of VASPs, the guidance explains how FATF standards apply to stablecoins, Pleyer said. He also me [...]