South Korea pledges crackdown on money laundering via digital currencies
The South Korean government is reportedly preparing to ramp up regulation against digital currency, in a bid to more readily identify illegal digital currency transactions.
Latest Anti-Money Laundering News
Pakistan is studying CBDC for financial inclusion
The governor of the State Bank of Pakistan believes that a state-back digital rupee can bring two-fold benefits to the country.
Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool
Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as a primary know-your-customer (KYC) and anti-money laundering (AML) tool.
Marathon mining pool promises to be ‘fully’ regulatory compliant
Marathon promises to ensure the transactions processed by its pool satisfy regulatory requirements by using "Blockseer pool technology" licensed by DMG Blockchain, enabling transfers to be filtered.
South Korea new AML rules for digital currency comes into effect
Senior officials in South Korea have approved measures that will introduce a raft of new anti-money laundering provisions for digital currency companies.
Financial Action Task Force releases updated guidance
The revised guidance comes after a 12-month review of the initial release, which found that some jurisdictions’ AML and CFT regimes with respect to digital assets were still underdeveloped or not developed at all.
Ireland to enforce AML checks for digital currency firms from April
Ireland will impose anti-money laundering and countering the financing of terrorism requirements for digital currency firms starting April 2021.
Putin: Russia must monitor increasing criminal use of digital currencies
Russian President Vladimir Putin wants the country’s law enforcement agencies to focus more on the digital currency industry, which he believes is being used increasingly by “criminal elements.”
South Korea digital currency exchanges to face penalties for anti-money laundering breaches
The Financial Services Commission has brought forward a new structure of penalties for exchanges that fail to properly implement anti-money laundering measures.
Bithumb ramps up anti-money laundering protections
The new measures include enhanced Know-Your-Customer verification processes, as well as the introduction of new specialized blockchain intelligence technologies.
Digital currency ATMs facilitating crime, need regulation: New Jersey watchdog
A New Jersey watchdog has recommended the quick implementation of regulation to govern digital currency ATMs in the state.
Craig Wright discusses Michael Saylor’s ‘nanostrategy’ in latest blog
It looks like Michael Saylor, the chairman, president and CEO of MicroStrategy, does not quite understand how Bitcoin works.