Digital currency exchange Huobi has secured the backing of regulators in South Korea, following the decision to award Huobi Korea an ISMS certification.
The UK financial markets regulator cautioned such companies that continuing their activities would attract criminal and civil enforcement actions.
The legislation will encompass digital currencies, requiring entities to include them in their anti-money laundering efforts.
The SEC urged the judge to dismiss the NAC Foundation’s claims the case has no merits, arguing that they sold securities without the registering with the regulator.
The British Overseas Territory recently announced the new regime for virtual asset service providers, with the Ministry of Financial Services publishing a preliminary set of rules with immediate effect.
Malcom Wright brings three decades’ worth of experience in compliance and anti-money laundering practices to embattled BitMEX.
Prosecutors announced that they have indicted BitMEX’s founders for violating the Bank Secrecy Act in failing to implement required AML measures.
The Gibraltar Financial Services Commission has overhauled seven of its nine guiding principles on which the regulatory framework is based.
The Cabinet of Ireland gave their approval to a bill that transposes the criminal justice aspects of AMLD5 into national law.
A CipherTrace report indicated that LocalBitcoins received the most criminal funds—over 99%—in the first half of 2020.
Dr. Marcus Pleyer, deputy director general at the German Federal Ministry of Finance, started his two-year term as FATF president on July 1.