2024-4-24 16:01 |
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk. origin »
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USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
2024-2-19 12:06 | |
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In a consultation paper released on Nov. 24, the European Banking Authority (EBA), an EU agency tasked with implementing a standard set of rules to regulate banking across all EU countries, highlights that existing regulations governing Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards compliance for crypto providers are inadequate.
2023-11-24 19:10 | |
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Ripple Chief Legal Officer Stuart Alderoty believes the recent resolution of anti-money laundering violations by Binance via a settlement with the U. S. Department of Justice (DOJ) is a significant step towards aligning the crypto industry with essential legal and safety standards.
2023-11-23 21:30 | |
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KeyRock has secured anti-money laundering compliance clearance from the Swiss Financial Services Standards Association (VQF). The startup is expanding its OTC services via new on ramp/off ramp fiat currencies, including GBP and AUD.
2023-9-26 14:58 | |
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The Brussels-based crypto firm joins the likes of BitGo in being approved by standards body VQF.
2023-9-26 14:00 | |
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A new study shows high levels of concern in the crypto sector about meeting compliance standards, with 69 percent of crypto firms expressing worries about potential violations of anti-money laundering (AML) regulations.
2023-6-29 18:08 | |
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The Financial Action Task Force (FATF) has issued a renewed call urging countries to adopt and implement the "Travel Rule" as a vital measure to combat money laundering and terrorism financing facilitated through cryptocurrencies.
2023-6-27 19:38 | |
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Regarding the framework for money laundering and terrorism financing, the FATF made comments about Luxembourg as an international financial center. The Plenary concluded that Luxembourg had successfully met the technical conditions set forth by the FATF.
2023-6-26 12:30 | |
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In a bid to align its legal framework with global standards, Japan's Cabinet has decided to implement stricter anti-money laundering measures, specifically targeting cryptocurrency asset transactions.
2023-5-23 12:14 | |
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2023-2-1 00:43 | |
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Meeting international Anti-Money Laundering standards is the latest in a series of measures Japan has taken in recent months to improve its cryptocurrency regulation.
2022-9-28 20:45 | |
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The electronic payment provider is permanently closing operations due to the inability to satisfactorily meet the standards of the FCA after suspending operations for three years.
2022-9-14 13:16 | |
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MONEYVAL, Europe’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) watchdog, has prioritized monitoring the crypto industry, as well as “gatekeeper” professionals like attorneys and accountants, in European countries’ efforts to prevent money laundering.
2022-5-5 02:14 | |
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Cryptocurrency exchange Kraken’s wholly-owned subsidiary Crypto Facilities has obtained an MLR license from the UK Finance regulator, the Financial Conduct Authority (FCA). This means the company is now compliant with money laundering regulations in the country and that it is following the same standards as required by FCA from the banks.
2021-11-16 18:18 | |
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Takamaka has obtained the “Financial Services Standards Association (VQF)” license, which certifies that the company complies with anti-money laundering regulations and that the TKR, Takamaka’s stable coin (1:1 with the USD), is officially in compliance with the Swiss regulations and is to all intents and purposes digital money! As Takamaka has been recognized as compliantRead More
2021-7-30 10:00 | |
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The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business.
2021-6-5 13:19 | |
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The FCA said it was extending the deadline because many businesses were not meeting the required anti-money laundering standards. The post UK Regulator Extends Registration Deadline as Companies Fail AML Test appeared first on BeInCrypto.
2021-6-4 16:52 | |
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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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On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets.
2021-3-24 17:30 | |
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New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards.
2021-1-26 13:29 | |
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Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards.
2020-8-3 10:00 | |
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From ATMs to cargo containers, standards make global commerce work. The same goes for crypto, which needs standards to comply with anti-money laundering rules.
2020-2-26 06:39 | |
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With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year.
2019-12-19 01:45 | |
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Lawmakers in Ukraine have adopted new legislation that legalizes crypto payments as the country moves forward with strict compliance to international anti-money laundering (AML) standards. Private Individuals Can Provide Crypto Payment Services According to Forklog, members of the Verkhovna Rada — Ukraine’s legislative arm, have adopted a new bill that incorporates international AML best practices into the country’s crypto regulatory framework.
2019-12-9 13:09 | |
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BitBay will drop support for the privacy-centric cryptocurrency Monero in 2020 in order to stay in line with industry Anti-Money Laundering standards
2019-11-26 17:07 | |
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Calibra wallet head David Marcus says that Libra’s anti-money laundering compliance will be better than many alternatives
2019-10-30 21:51 | |
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“You have to have systems in place,” said Rick McDonell, Former [FATF] Executive Secretary and Executive Director at Association of Certified Anti-Money Laundering Specialists [ACAMS] on the latest edition of Binance Podcast with Binance CFO Wei Zhou.
2019-10-24 00:30 | |
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The Financial Action Task Force [FATF], an inter-governmental organization that has pledged to combat money laundering and terrorism funding, has stated that Facebook and its stablecoin, Libra, would be subject to global standards on cryptocurrencies and traditional financial assets, according to reports.
2019-10-18 15:30 | |
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Transferring more than $1,000 in bitcoin or any other crypto from one exchange to another could land your private details on the desk of the Financial Action Task Force (FATF). That is possible ever since the intergovernmental agency in June imposed new anti-money laundering standards on the cryptocurrency firms.
2019-9-18 12:15 | |
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United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019.
2019-9-11 16:16 | |
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Although Facebook’s Libra initiative hit a hard stop just before the launch, discussions around restarting the project is one of the hottest topics within the U. S. jurisdiction. As of latest, a senior U.
2019-9-11 01:45 | |
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The highly anticipated Facebook’s crypto, Libra, must meet stringent US regulatory requirements before it can be launched, says an official from the US treasury. According to Treasury’s Under Secretary in charge of terrorism as well as financial intelligence, Sigal Mandelker, the Libra stablecoin must achieve the highest standards for fighting money laundering as well as […]
2019-9-10 21:02 | |
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Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms, according to a United States Treasury official
2019-9-11 17:32 | |
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Nekti has upgraded its digital ID service to help crypto firms meet the FATF's tough new standards for combating money laundering.
2019-9-9 16:00 | |
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The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS) together with the Monetary Authority of Singapore (MAS) developed a new ‘Code of Practice’ to set standards of good practice regarding Anti-Money Laundering (AML) and countering the financing of terrorism measures for crypto-related businesses.
2019-8-20 13:00 | |
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In June 2019, the Financial Action Task Force (FATF), an inter-governmental agency created to address and reduce international money laundering, terrorist financing, and other financial threats, released new guidelines for international banks.
2019-8-12 17:19 | |
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Tokyo based crypto exchange company that was started by SoftBank last year, VC Trade, has collaborated with blockchain security company CoolBitx for KYC. CoolBitX made the announcement alongside the launch of Sygna, its know-your-customer (KYC) and anti-money laundering (AML) compliance-focused cryptocurrency transaction and security solution.
2019-8-9 20:33 | |
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The representative of Libra David Marcus tried to convince the US Senate that the cryptocurrency does not threaten bankers. Did he succeed? We will see soon. Marcus first of all drew the attention of senators that Libra will strictly follow AML standards (anti-money laundering) and will generally be registered with the FinCEN (Financial Crimes Enforcement […]
2019-7-18 13:03 | |
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The Financial Action Task Force (FATF), an international organization focused on preventing money laundering and financial terrorism, finalized its recommendations on regulating cryptocurrencies. The new standards will require crypto exchanges to identify their users and share that data.
2019-6-25 09:45 | |
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Cryptocurrency is an industry that thrives on the way that customers can protect their identities, even if the transactions are on full display. However, the Financial Action Task Force recently released new standards on Friday that come with a highly controversial caveat.
2019-6-22 00:27 | |
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The G20 has reaffirmed it will apply standards to counter money laundering and terrorism funding, soon to be finalized by the Financial Action Task Force.
2019-6-10 12:25 | |
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The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs).
2019-6-1 19:04 | |
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Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.
2019-4-24 22:55 | |
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It has been recently revealed that the G20 countries will be coming together to discuss regulations regarding the presence of cryptocurrencies. As per news outlet, News. Bitcoin. com, the discussion stems from the fact that cryptocurrencies need further following and are required to meet the standards of the AML (anti-money laundering) and CTF (counter-terrorism financing) policies (https://news.
2019-4-19 20:20 | |
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Bittrex, a United States–based cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York. Yesterday, the New York State Department of Financial Services (NYDFS) rejected the exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.
2019-4-12 19:57 | |
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CryptoNinjas Blockchain security company CipherTrace and Binance, the largest cryptocurrency exchange by trading volume and users, today announced their partnership to enhance the exchange’s robust anti-money laundering (AML) compliance program.
2019-4-12 19:55 | |
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The Financial Action Task Force (FATF) — an intergovernmental organization founded to develop policies against money laundering and terrorism financing — is even more squarely setting its sights on regulating, supervising, and monitoring providers of services for digital assets.
2019-3-25 07:00 | |
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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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Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent.
2019-1-16 01:54 | |
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South Korea’s Financial Intelligence Unit wants to strengthen anti-money laundering measures, specifically by enhancing ways to monitor crypto transactions. On March 5, the FIU revealed a number of strategies to prevent money laundering at the AML Inspection Trustee Council, according…
The Seoul Southern District Prosecutors’ Office has launched a formal joint investigation unit that exclusively tackles crypto-related crimes and fraud cases. According to a report by Aju News, the department is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation…
Police in Jeju, South Korea, are investigating the murder of a Chinese national believed to have been killed during a cryptocurrency transaction. Jeju West Police Station announced that four Chinese nationals—two women and two men, including one in his 60s…
South Korea plans to gradually allow corporations to begin trading crypto, according to the latest announcement by the Financial Services Commission. On Feb. 13, the SFC released a press release in which it outlined a phased lift on a ban…
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty”…
Litecoin’s price surged on Feb. 10, breaking out of its recent consolidation phase, as optimism around the potential approval of a spot LTC ETF this year continues to remain strong. Litecoin (LTC) rallied over 10% to an intraday high of…
South Korea should introduce cryptocurrency exchange-traded funds to stay competitive in global finance, according to the chairman of the Korea Exchange (KRX). In a recent interview in Seoul, chairman Jung Eun-bo stressed that with South Korea being the “third-largest real…