Tag: antimoney
Banks with crypto services require new Anti-Money Laundering capabilities
The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of no [...]
India’s Crypto Businesses Handed Anti-Money Laundering Obligations for First Time
While India doesn't have a regulatory body dedicated to crypto, the move hands the FIU a significant role in overseeing crypto in India. Until now, cr [...]
India subjects crypto transactions to anti-money laundering law
While there’s nothing new in imposing anti-money laundering (AML) standards on crypto, it is only now that the Indian government has decided to notify [...]
US Senators Warren, Marshall Introduce Digital Assets Anti-Money Laundering Bill
U.S. Senators Elizabeth Warren (D-Mass) and Roger Marshall (R-Kan) are introducing an act to crack down on money laundering and financing of terrorist [...]
Coinbase-Backed Anti-Money Laundering Group Expands Into Europe
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ePayments shutters as FCA Anti-Money Laundering regulations tighten
The electronic payments provider ePayments is putting the final nail in the coffin of its operations. ePayments issued email notices to clients on Tue [...]
The Perverse Impacts of the Anti-Money Laundering System
At the same time, according to AEI’s Harper, any reforms that might decrease financial surveillance and control are nearly verboten among politicians. [...]
Georgia aims to adopt European crypto standards for Anti-Money Laundering
Georgia, one of the world’s most cryptocurrency-friendly countries, is moving to introduce new crypto regulations to pursue its ambitions to become a [...]
BitMEX Executive Pleads Guilty to Violating Anti-Money Laundering Act
A New York federal court previously sentenced the Mexico-based firm’s co-founders to probation time and fines for federal compliance failures.
www.c [...]
EU Crypto Firms Protest ‘Alarming’ Anti-Money Laundering Laws
The letter, seen by CoinDesk and signed by academics, lobby groups and senior executives from companies such as Ledger, Aave and blockchain.com, says [...]
Crypto Should Disrupt Current Anti-Money Laundering Practices, Not Adopt Them
Modern know-your-customer, anti-money laundering regulations are ineffective; crypto represents a better option to address this problem.
www.coindesk [...]
EU Wants New Anti-Money Laundering Authority to Have Crypto Oversight: Report
The EU is setting up an anti-money laundering watchdog, and leaders want it to have strict oversight of crypto firms.
www.coindesk.com [...]
Crypto Heavyweights Coinbase, Fidelity and Robinhood Back US Anti-Money Laundering Group
The current U.S. TRUST membership includes: Anchorage, Avanti, Bitgo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, K [...]
Estonia’s New Anti-Money Laundering Chief Wants Stricter Rules for Crypto Licenses
Mets said that the Estonian parliament, the Riigikogu, must pass the new regulations, which the FIU supports, and that if they win approval, crypto [...]
Estonia’s New Anti-Money Laundering Chief Wants to Revoke All Crypto Licenses — CoinDesk
Talking to journalists, the Financial Intelligence Unit (FIU) chief, appointed in May of this year, said crypto companies have made “tens of billio [...]