AML Financial News

26.06 / 00:59

business Blockchain defi regulation AML United Nations Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.

19.06 / 18:13

CBDC Adoption AML IMF Cross-border IMF envisions ‘new class’ of cross-border payment platform with single ledger

The International Monetary Fund (IMF) has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management.

31.05 / 11:57

business regulation FATF AML AML rules for digital assets to come into effect in UAE

Under the new rules from the Central Bank of the UAE (CBUAE), the licensed financial institutions (LFIs) would be required to identify and verify the identities of all customers. The update will come into effect “within a month,” that is, by the end of June.

30.05 / 12:51

regulation FATF AML Bitcoin bitFlyer adopts crypto deposit limits to comply with Travel Rule

Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule.

29.05 / 00:25

Ethereum Ethereum 2.0 Opinion AML Tech Analysis Ethereum’s Shanghai upgrade made it easier to detect criminals

With its historic Merge event in September, Ethereum has become a proof-of-stake blockchain. The mechanism now used to confirm transactions relies on validators staking their Ether (ETH). Ethereum’s March upgrade, codenamed Shanghai, finally enabled stakers to withdraw their locked Ether.

28.05 / 13:05

Adoption regulation security Banks Central Bank AML banking Institutions seek detailed blockchain analytics for crypto adoption — Elliptic

As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher.

24.05 / 07:17

regulation AML Money laundering Anti-money laundering Japan’s crypto Anti-Money Laundering measures to start in June: Report

Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering (AML) measures to trace cryptocurrency transactions from June 1.

11.05 / 21:57

Blockchain Adoption regulation Banks Federal Reserve AML identity Reserve Federal Reserve's FedNow will integrate with Metal Blockchain

The Federal Reserve’s forthcoming instant payment service FedNow will be integrated with Metal Blockchain, according to a May 11 announcement from the Metal Blockchain team. The announcement said that the integration will allow Metal users to instantly convert funds to stablecoin and back again using FedNow’s “send/receive” function.

09.05 / 05:05

regulation Europe European Union AML MICA Estonia squeezes out 400 crypto firms after new laws

Almost 400 Virtual Asset Service Providers (VASPS) have voluntarily shut down or had their authorizations revoked in Estonia following the government’s recently enhanced Terrorist Financing Prevention and anti-money laundering laws (AML) that came into effect in March.

04.05 / 21:35

Government regulation us government white house AML Digital Asset KYC New White House standards strategy could have implications for crypto industry KYC

The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy stated that the United States would prioritize standards development in eight areas. Among the prioritized areas are “digital identity infrastructure and distributed ledger technologies, which increasingly affect a range of key economic sectors.”

27.04 / 05:49

business Adoption regulation AML KYC guidelines Crypto License Hong Kong security regulator to issue crypto license guidelines in May

The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month.

21.04 / 21:37

regulation AML decentralized marketplace compliance Innovate some compliance mechanisms, US Treasury official tells DeFi community

The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience at the Atlantic Council think tank on April 21. Get ready for more regulation, she said.

21.04 / 02:33

business Ethereum Twitter Stablecoin Banks AML 'Worst code I've ever seen': Euro stablecoin faces centralization criticism

Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions.

30.03 / 10:59

Adoption regulation Banks AML Bitcoin Regulation Bankruptcy Bitcoin From Bat-Signal to Bitcoin: Projecting 'Orange Pill' on banks as EU drives crypto regulation

“The signal goes on, and he shows up. That's the way it's been. That's the way it will be.” Whenever Gotham faces an existential threat, the Bat-Signal lights up the night sky. In the DC Comics universe, Batman always shows up to save the day when he’s called upon.

28.03 / 23:45

Government Law us government Congress Senate AML Elizabeth Warren is pushing the Senate to ban your crypto wallet

Massachusetts Senator Elizabeth Warren is once again smearing the cryptocurrency industry and attempting to make Americans more dependent on big banks.

27.03 / 23:31

business Blockchain Binance CFTC regulation us government AML Breaking: Binance CEO CZ rejects allegations of market manipulation

Binance CEO Changpeng 'CZ' Zhao has rejected allegations from the Commodities Futures and Trading Commission complaint, arguing the company "does not trade for profit or 'manipulate' the market under any circumstances."

27.03 / 14:31

business Government Blockchain Technology Adoption regulation AML compliance Top 7 legal and compliance jobs in the crypto market

Cryptocurrencies are a rapidly growing market that is changing how people invest, buy and sell goods and services, and transfer money. However, with the growth of this market comes an increasing need for legal and regulatory compliance, particularly concerning issues such as money laundering, fraud and data protection.

09.03 / 18:13

business Law Adoption Banks AML banking Money laundering Anti-money laundering services 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 nonfungible tokens (NFTs).

08.03 / 12:53

regulation AML Anti-money laundering 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 all interested parties of the obligation to comply with the national AML law.

24.02 / 20:03

regulation FATF AML FATF agrees on roadmap for implementation of crypto standards

The Financial Action Task Force, or FATF, reported its delegates had come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies.

15.02 / 10:53

regulation crimes Senate AML Terrorism 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 be reintroduced to Congress, according to United States Senator Elizabeth Warren.

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