Tag: AML
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 [...]
Former US Treasury official joins Binance to guide AML efforts
Former United States Treasury Felony Investigator Greg Monahan joined main cryptocurrency change Binance to supervise the corporate’s worldwide Ant [...]
Binance-owned Indian change WazirX investigated for alleged AML failings
The well-known Indian crypto change WazirX, which Binance acquired in 2019, is underneath investigation for alleged violations of India's Overseas [...]
Crypto corporations not assembly AML requirements, says UK minister
Cryptocurrency companies in the UK have been struggling to satisfy Anti-Cash Laundering requirements set by the Monetary Conduct Authority, in acco [...]
Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘explicit concern’ for AML
Janet Yellen, a former chief on the Federal Reserve and Joe Biden's choose for Treasury Secretary, continues to be suspicious of crypto as a menace [...]
Hong Kong ATMs Should Be Excluded From Coming AML Rules, Group Says
The federal government’s plan to control cryptocurrency exchanges in Hong Kong might imply ATMs might also be off-limits, the group claims.
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Regulation Decoded: Of AML and appointees, Nov. 6–13
Within the U.S., all eyes are on Biden's deliberate appointees, whereas Europe is seeing progress underne [...]
BitMEX crypto change steps up AML and commerce surveillance measures
BitMEX, one of many world’s largest Bitcoin (BTC) buying and selling platforms, continues to strengthen its Anti-Cash Laundering measures within th [...]