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.
The Cyprus Securities and Exchanges Commission has proposed the transposition of the EU's Fifth Anti-Money Laundering Directive into national law.
LocalBitcoins is adjusting its policies to follow new European laws, while also setting record volumes in 23 countries.
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.
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.
The Finance committee of Canada’s lower house wants the cryptocurrency trade to be in compliance with AML and anti-terror regulations.
Taiwanese legislators have amended the country’s financial laws, to require cryptocurrency exchanges to get users’ real names.
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.
Binance has procured the services of cryptocurrency compliance solutions firm Chainalysis, to better ensure meeting AML and KYC requirements.
Effective Oct. 15, cryptocurrency-related companies in Norway—including branches of multinational companies—will have to adhere to a new set of anti-money laundering regulations (AML) set by the Financial Supervisory Authority of Norway.
Thailand’s Anti-Money Laundering Office (AMLO) is looking to expand its powers to allow for seizure of digital assets.
Contrary to drug and trafficking scares against cryptocurrencies, U.S. Drug Enforcement Agency special agent Lilita Infante says criminal activity only makes up around 10% of transaction volume, while the majority were from speculators.
