Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced two-year
Category: AML
European watchdog lists crypto next to lawyers, accountants as an AML threatEuropean 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 with “gatekeeper” professionals, such as lawyers and accountants, as priorities in
NYDFS calls for crypto firms to use blockchain analyticsNYDFS calls for crypto firms to use blockchain analytics
In a letter published on Thursday, the New York State Department of Financial Services, or NYDFS, recommended that all virtual currency companies operating under New York banking law adopt blockchain
Blockchain and crypto can be a boon for tracking financial crimesBlockchain and crypto can be a boon for tracking financial crimes
Governments around the globe have also become more aware of the crypto market and the various ways in which it can be regulated. Despite a growing adoption rate and involvement
Binance pushes back against report exchange supplied customer data to Russian governmentBinance pushes back against report exchange supplied customer data to Russian government
Major crypto exchange Binance challenged the accuracy of a report that one of its regional heads agreed to supply Russia’s financial intelligence unit with customer data potentially related to donations
OCC issues order against Anchorage Digital over AML complianceOCC 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 custody bank Anchorage Digital for violating
What are wash trading and money laundering in NFTs?What are wash trading and money laundering in NFTs?
NFT wash trading is a problem for investors, the global community, collectors and traders because these participants use less liquid nonfungible tokens to manipulate the price of an asset. Due
Bitstamp asks users to update the source of their crypto, citing regulatory complianceBitstamp asks users to update the source of their crypto, citing regulatory compliance
Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth. In an email notification to users on Wednesday,
MEP Stefan Berger: ‘Yes, we need regulations, but you still have to leave room to breathe’MEP Stefan Berger: ‘Yes, we need regulations, but you still have to leave room to breathe’
The European Parliament’s Committee on Economic and Monetary Affairs recently approved a draft of its comprehensive Markets in Crypto Assets, or MiCA, crypto regulation package. The new framework covers a
Crypto mixers’ relevance wanes as regulators take aimCrypto mixers’ relevance wanes as regulators take aim
Cryptocurrency mixers have been an interesting topic of discussion ever since the advent of cryptocurrencies and their adoption by retail investors around the world. Cryptocurrency mixers are services that essentially