Latest News Of Anti-Money Laundering Tag

MLD5 regulations could mean the end of Binance as you know it

Business 16 April 2019

MLD5 regulations could mean the end of Binance as you know it

Binance has built its empire on speculative gambling on alt-coins with money coming from shady places. New regulations could mean an end to that.

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Criminal or not? The curious case of Bitcoin Cash ABC’s new privacy-centric P2P exchange

Editorial 26 March 2019

Criminal or not? The curious case of Bitcoin Cash ABC’s new privacy-centric P2P exchange

A peer-to-peer exchange is coming to serve BCHABC holders soon, and it’s bound to test the (AML) governance around the world.

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Tel Aviv judge rules bank wrong to close crypto mining firm account

Business 19 March 2019

Tel Aviv judge rules bank wrong to close crypto mining firm account

A judge in Israel has just shaken up the cryptocurrency community by ruling on cryptocurrency miner Israminer’s account with Union Bank in Tel Aviv.

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Trump’s planned crackdown on cartels could hurt crypto

Business 19 March 2019

Trump’s planned crackdown on cartels could hurt crypto

In a move that is sure to be quite controversial, it appears U.S. President Donald Trump is considering labeling Mexican cartels as terrorist organizations.

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Digital banking startup Revolut denies money laundering claims

Business 5 March 2019

Digital banking startup Revolut denies money laundering claims

U.K digital banking startup Revolut has refuted claims that it abandoned its anti-money laundering protocols and possibly processed illegal payments. They say it’s just a big misunderstanding.

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Cyprus SEC calls for the adoption of EU AML laws for crypto

Business 21 February 2019

Cyprus SEC calls for the adoption of EU AML laws for crypto

The Cyprus Securities and Exchanges Commission has proposed the transposition of the EU's Fifth Anti-Money Laundering Directive into national law.

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New AML rules and record volumes for LocalBitcoins

Business 13 February 2019

New AML rules and record volumes for LocalBitcoins

LocalBitcoins is adjusting its policies to follow new European laws, while also setting record volumes in 23 countries.

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Just deserts: Morgan Stanley fined for money laundering failings

Business 28 December 2018

Just deserts: Morgan Stanley fined for money laundering failings

In an ironic turn of events, banking group Morgan Stanley has been handed a substantial fine for anti-money laundering failures, despite previously criticizing cryptocurrency exchanges for a lax approach to AML checks.​

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UK crypto exchange CEX.IO makes KYC mandatory

Business 13 December 2018

UK crypto exchange CEX.IO makes KYC mandatory

UK-based cryptocurrency exchange CEX.IO is now requiring all new customers to undergo a mandatory verification process, as part of enhanced anti-money laundering processes.

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Canadian Parliament committee pushing for AML compliance of cryptos

Business 19 November 2018

Canadian Parliament committee pushing for AML compliance of cryptos

The Finance committee of Canada’s lower house wants the cryptocurrency trade to be in compliance with AML and anti-terror regulations.

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Taiwan moves versus anonymous crypto transactions

Business 5 November 2018

Taiwan moves versus anonymous crypto transactions

Taiwanese legislators have amended the country’s financial laws, to require cryptocurrency exchanges to get users’ real names.

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Int’l watchdog readies crypto-related AML rules for June 2019 rollout

Business 22 October 2018

Int’l watchdog readies crypto-related AML rules for June 2019 rollout

Under the changes to FATF global standards, crypto exchanges, certain types of wallet providers and providers of financial services for ICOs will be subjected to AML/CFT regulations, such as conducting customer due diligence including ongoing monitoring, record-keeping, and reporting of suspicious transactions.

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