2023-3-7 08:14 |
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out AML checks.
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The European Union (EU) has agreed on anti-money laundering (AML) rules for cryptocurrencies that will oblige firms to check customer identities regardless of transaction size. The post European Union Approves Crypto Anti-Money Laundering Rules appeared first on BeInCrypto.
2022-6-30 15:00 | |
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“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun.
2022-6-30 00:32 | |
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"It is key that the scope of the new EU authority explicitly includes crypto-assets," said Luis Garicano, a member of the European Parliament.
2022-2-24 00:56 | |
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Coinbase, along with 17 other crypto firms, recently launched a ‘Travel Rule Universal Solution Technology’ (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations–announced the largest crypto exchange in the US.
2022-2-18 08:30 | |
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The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses.
2021-11-17 13:27 | |
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The banks point to AML and other compliance risks related to cryptocurrencies as the… The post Australian bank refutes criticism that it shuns crypto firms appeared first on Coin Journal.
2021-9-9 14:11 | |
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Britain’s Financial Conduct Authority (FCA) said yesterday that numerous crypto businesses are withdrawing their application to legally register, while failing to meet anti-money laundering and counter-terrorism financing rules.
2021-6-5 19:00 | |
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Many cryptocurrency firms in the UK have not met the country’s anti-money laundering rules,… The post UK cryptocurrency firms still far from AML compliance appeared first on Coin Journal.
2021-6-4 14:29 | |
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Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year.
2021-5-28 16:11 | |
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There will be no more anonymous trading for cryptocurrency traders in Ireland as the country ushers in new regulations that would change the crypto landscape. Cryptocurrency firms now have to register with the central bank and institute anti-money laundering (AML) guidelines or close shop.
2021-3-18 17:24 | |
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Irish companies operating with crypto, and the firms servicing them, will have to adhere to AML and CFT for the first time starting next month.
2021-3-18 06:46 | |
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Recently, FinCEN proposed new regulations that would force crypto firms to collect information regarding the identities of non-customer counter parties. The new regulation, however, could severely backfire — at least according to Twitter CEO, Jack Dorsey.
2021-1-5 15:24 | |
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The Financial Conduct Authority [FCA] had taken up the task of supervising crypto businesses to ensure that they comply with the AML laws. In a bid to achieve the same, the Financial watchdog of the UThe post FCA establishes Temporary Registration Regime for crypto firms appeared first on AMBCrypto.
2020-12-16 15:30 | |
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According to the consultation paper published by the UK’s financial regulator, cryptocurrency firms need to submit an annual report on their problem dealing method. The consultation paper reveals the plan to broaden the annual crime reporting requirements that involves cryptocurrency exchanges and other custodian wallet service providers.
2020-8-31 01:49 | |
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Spain is finally getting around to amending its AML laws six months after the EU deadline for compliance. The public comment period on that amendment ends today.
2020-6-23 22:36 | |
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Today is the deadline for Dutch crypto companies to register and pay a new fee under new AML rules
2020-5-19 23:44 | |
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During the last few years, blockchain surveillance has increased a great deal and in the early days around 2013-14, there were only a handful of firms. Now there are more than 20 blockchain analysis companies that monitor addresses, transactions, and making sure addresses are AML/CFT compliant as well.
2020-5-16 05:10 | |
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Canadian firms processing crypto transactions worth more than 1,000 Canadian dollars will have to record and report identifying information regarding their customers
2020-3-19 14:56 | |
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FATF’s deadline for crypto AML adoption is looming, and several counties have implemented the rules. But how are crypto firms coping under the new regime?
2020-2-16 02:13 | |
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Crypto businesses in Austria can be fined up to 200,000 EUR (above $221,000) starting from tomorrow, if they do not operate under the country’s new licensing requirements. Austria’s FMA Calls Crypto Firms to be Counted Austria, one of the more liberal countries when it comes to crypto trading, will require all operators within the country to register with the Financial Markets Authority (FMA).
2020-1-9 20:00 | |
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Regulatory measures continue to wreak havoc on smaller cryptocurrency firms. Simplecoin, a social crypto mining platform, is shutting down in early January of 2020. Several crypto firms have been forced to take drastic action in recent weeks.
2019-12-18 02:00 | |
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At the University of Georgetown, The United States Financial Crimes Enforcement Network (FinCEN) and it's executive Kenneth Blanco gave their views where he clarified that the Anti-Money Laundering (AML) laws straightforwardly apply to everybody.
2019-10-22 19:10 | |
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There is no ambiguity: crypto startups must follow U.S. AML laws or suffer the consequences, said FinCEN's Kenneth Bianco.
2019-10-22 17:40 | |
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On October 21, director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, spoke at the University of Georgetown. During his speech, he stated that Fintech firms offering anonymity to cryptocurrency users would also be subject to anti-money laundering (AML) laws.
2019-10-22 12:30 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.
2019-3-20 16:49 | |
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Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.
2019-3-5 23:58 | |
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The crypto world seems to be on a different planet to the regular banking world. The companies behind the various digital currencies and their products are almost out of a futuristic science fiction movie.
2018-10-11 13:00 | |
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If our goal is mass adoption, blockchain and crypto firms should work closely with regulators and come up with new ways to solve big thorny problems.
2018-8-16 11:00 | |
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The slow trickle of traditional investment into the crypto market may turn into a flood if a new platform launched by blockchain services provider AxiomLevel Technologies makes its desired impact.
2018-8-6 18:55 | |
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Perhaps feeling pressure from worldwide regulators, international cryptocurrency exchange Coinbase has finally resorted to arming itself with a chief compliance officer, Reuters reports. They’ve put Jeff Horowitz in charge of keeping Coinbase in line as it continues its global expansion.
2018-7-31 18:15 | |
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The costs of complying with due diligence processes like KYC (Know Your Customer) and AML (anti-money laundering) are rising. With financial firms regularly spending 8. 4x their average compliance costs on KYC amidst growing client complaints about poor KYC experiences, KYC is becoming a growing balance sheet and relationship management liability.
2018-6-22 21:00 | |
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Житель Калифорнии Кен Лием (Ken Liem) подал в суд на банки Fubon Bank, Chong Hing Bank и DBS Bank, обвинив их в отсутствии проверок, которые могли бы помешать криптомошенникам украсть у него $1 млн.
Администрация криптовалютной биржи Kraken сообщила клиентам, что 30 декабря вступают в силу требования Регламента Евросоюза к прозрачности криптотранзакций.
Charles Bobrinskoy of Ariel Investments has warned that Bitcoin is a momentum-driven bubble, predicting an imminent price decline as regulatory and market sentiment shift. Bobrinskoy issued this stark warning about Bitcoin (BTC), labeling the cryptocurrency a “get-rich-quick scheme” driven by…
Национальная комиссия по ценным бумагам Аргентины (CNV) внесла криптобиржу Binance в реестр поставщиков услуг виртуальных активов (VASP). Теперь биржа может официально оказывать криптовалютные услуги аргентинским трейдерам.
По данным Министерства юстиции США, платформы UAPS, PM2BTC и Cryptex обрабатывали более $800 млн в незаконных транзакциях, связанных с киберпреступностью. Теперь эти биржи лишились своих доменов.
Чанпэн Чжао (CZ), основатель криптовалютной биржи Binance, завершает свой четырехмесячный тюремный срок и будет освобожден 29 сентября. Напомним, что CZ был приговорен к четырем месяцам тюрьмы в апреле 2024 года после того, как признал себя виновным в нарушении Закона о банковской тайне.
Криптовалютная биржа BitMEX признала себя виновной в нарушении Закона США о банковской тайне и преднамеренном непринятии мер по внедрению программы борьбы с отмыванием денег (AML).