Illicit Finance Financial News

27.07 / 00:50

daamla Illicit Finance Illicit Crypto Terrorist Financing On The Rise, New Singapore Report Finds

A newly published report by Singapore’s Ministry of Home Affairs notes that the illicit use of crypto in terror financing is on the rise, though cash is still the dominant method used in transferring value.

23.07 / 06:21

House Republicans Illicit Finance US House Rep. Approves Fresh Crypto Bill to Fight Illicit Finance, Forms Working Group

The US House of Representatives has passed a fresh crypto legislation, this time, to combat its use for illicit finance. The bipartisan financial services bill would create a government working group to access crypto in terrorism and money laundering.

04.05 / 06:15

markets Blockchain UPS Reuters Tether reports Illicit Finance Stablecoin Tether steps up monitoring in bid to combat illicit finance

monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday. Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse the activity of major holders of the token, Tether said.

10.04 / 00:03

crypto regulation us senators daamla Illicit Finance Senator Tim Scott Calls Crypto A “Scapegoat” For Illicit Finance Concerns in Crucial Remarks During Crypto Hearing

Senator Tim Scott (R-SC) called cryptocurrencies a “scapegoat” for the federal government’s concerns about illicit finance, according to his testimony from a Tuesday crypto hearing held by the United States Senate Committee on Banking, Housing, and Urban Affairs.

09.04 / 13:19

Congress crypto regulation Illicit Finance US Treasury Deputy Secretary Urges Congress for Tools to Tackle Crypto-Related Illicit Finance

US Treasury Deputy Secretary Wally Adeyemo has urged Congress to provide regulatory tools to combat illicit finance related to cryptocurrencies.

18.01 / 20:20

Fighting Actor information prevention 2024 crypto Illicit Finance Senators Introduce New Crypto Legislation to Combat Illicit Finance in Crypto

United States Senators Cynthia Lummis (R-WY) and Bill Hagerty (R-TN) introduced a new bill to combat illicit finance across the crypto sector on Wednesday.

30.11 / 03:47

Blockchain BLOCK Binance Action economy Remark reports Illicit Finance US will be forced to curtail crypto if industry fails to act on illicit finance threats: deputy treasury secretary

cryptocurrency companies from the broader US economy if they fail to block and report illicit money flows, deputy treasury secretary Wally Adeyemo warned the industry on Wednesday. Speaking at an event hosted by the Blockchain Association, Adeyemo said that crypto companies need to do more to curtail the flow of illicit finance, and that the lack of action across the sector presents a risk to the US.

19.03 / 09:39

cryptocurrency Reuters Digital Illicit Finance Moderate Uptick In Cryptocurrency-Led Illicit Finance, But Volume Small: Report

US officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the transaction volume is too small to play a big role in helping Moscow evade sweeping sanctions, a senior Treasury official said on Friday.

18.03 / 20:23

cryptocurrency Illicit Finance US Treasury official sees modest uptick in crypto illicit finance, but transactions small

U.S. officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the transaction volume is too small to play a big role in helping Moscow evade sweeping sanctions, a senior Treasury official said on Friday.

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