AML News
Latest AML News
The Nigerian securities regulatory authority has introduced new guidelines for crypto service providers.
A WSJ piece originally contained damning paragraphs implicating Harborne and AML Global, but those sections were later excised in an apparent acknowledgment of potential inaccuracies.
Blockchain Association, an organization representing the interests of the crypto industry, sent a letter to the U.S. Congress criticizing Senator Elizabeth Warren’s AML bill. The Blockchain Association’s recent appeal, dated Feb. 13, features 80 notable signatories, among them former government…
Chinese authorities are significantly preparing to amend their anti-money laundering (AML) regulations. According to regional media reports, Beijing is set to amend its anti-AML rules to include cryptocurrency-related transactions amid calls for greater scrutiny of the nascent crypto industry from…
18 U.S. senators, including Cynthia Lummis and Ted Cruz, actively support the cryptocurrency sector. According to the advocacy group Stand with Crypto Alliance, created with the support of the Coinbase exchange, the leader among legislators in the number of initiatives…
The South Korean authorities plan to strengthen control over cryptocurrency mixers following the United States. On Jan. 15, local media in South Korea reported that the Financial Intelligence Unit (FIU) of the Financial Services Commission was considering introducing virtual asset…
According to data, crypto and digital payments companies paid nearly $6 billion in fines in 2023 for shortcomings in customer checks and anti-money laundering controls violations. Crypto and fintech groups faced fines exceeding those of the entire traditional financial system…
According to a Nov. 15 update, Bitnovo, the non-custodial crypto asset service provider that was founded in 2014 in Spain, has been registered as a digital asset provider (PSAN).
During the House Subcommittee on Digital Assets, Financial Technology, and Inclusion hearing held on Nov. 15, Alison Jimenez, an economist and president of Dynamic Securities Analytics, Inc., provided insights into the context of crypto crime, breaking down illicit activities in the realm of digital assets.
Analysts say suspicious coin swap services are trying to maintain "an aura of legitimacy" by requiring clients to agree to fake AML policies.
There is a growing fintech and web3 industry, yet people often struggle to find legal professionals for a wide variety of legal jobs in this space. Typical inquiries may include how to issue tokens, launch a DAO, or manage a…
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.
VardexPay is an international company focused on simplifying finances and revolutionizing electronic payment services, providing a convenient and secure solution for users
India’s stance on cryptocurrency and token transactions has been a topic of much discussion in recent times. Now, the country’s finance ministry has issued a notice outlining its plan to regulate virtual digital assets and clarifying the application of anti-corruption regulations…
Coinbase CEO, Brian Armstrong, has revealed that the company's new layer-2 network, Base, is likely to incorporate transaction monitoring and anti-money laundering measures.
The Joint Declaration released today by the European Commission, the European Parliament, and the Council provides a framework for implementing key legislative proposals.