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Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report

1.5.2024
Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed

Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail

30.4.2024
On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Coindesk, who reported directly from the courthouse....

EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto

26.4.2024
The new laws set up "enhanced" due diligence and customer checks for crypto firms

Samourai Wallet mixer co-founders arrested on AML, licensing charges

24.4.2024
The crypto mixer allegedly handled $2 billion in unlawful transactions and facilitated $100 million in money laundering

Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of Sentencing

24.4.2024
Changpeng Zhao, the former CEO of Binance, has publicly apologized for his past decisions and accepted full responsibility for his actions. This comes as U.S. prosecutors are seeking a 36-month prison sentence for Zhao in connection with compliance failures at the cryptocurrency exchange. Changpeng...

US Prosecutors Seek 36-Month Sentence for Binance’s Changpeng Zhao Over Legal Violations

24.4.2024
Federal prosecutors have recommended a 36-month prison sentence for Changpeng Zhao (CZ), the cryptocurrency exchange Binance’s former CEO, for U.S. law violations. Prosecutors contend Zhao’s deliberate non-compliance facilitated massive unlawful transactions, impacting national security...

Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe

23.4.2024
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk

Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges

26.3.2024
U.S. federal prosecutors charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday, saying the exchange operated in the U.S., lied to at least one of its investors about operating in the U.S. and failed to both register with U.S. government entities...

Latam Insights: Chile to Keep Advancing CBDC Tests, Argentina Debuts VASP Registry

25.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Central Bank of Chile will keep experimenting with CBDC, Argentina’s VASPs will have to register to provide services in the country, and Argentines...

It’s Time to Scrap AML/KYC Entirely

27.2.2024

Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto

22.2.2024
The Anti-Money Laundering Authority is part of a broader effort by the European Union to combat illicit fund flows, and is ready to begin work as early as Friday, officials said Thursday

US Judge Urged to Approve Binance’s $4.3 Billion Plea Deal

21.2.2024
A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s deliberate law violations. Binance’s Alleged...

ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator

16.2.2024
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that,...

Former Binance CEO Changpeng Zhao’s Sentencing Delayed to April 30, Court Notice Reveals

14.2.2024
A U.S. court has postponed the sentencing of Changpeng Zhao, the ousted CEO of the crypto exchange Binance, to April 30. A Seattle Federal Court notice did not share reasons for the delay in Zhao’s sentencing while his lawyer reportedly declined to comment on the matter. Uncertain Times...

Traditional Banking Sector Helped to Fuel Misconceptions About Regulators’ Stance on Crypto, Says Karim Chaib

11.2.2024
Although many global regulators are commonly perceived to be against offering regulation that is supportive of crypto, Karim Chaib, the CEO of the digital assets platform Web3intelligence, asserts that their stance is, in fact, intended “to ensure a safe and secure environment for both...

China’s AML Legal Framework Set to Target Cryptocurrency Transactions in Major Update

1.2.2024
As part of its ongoing efforts to modernize financial regulations, China is revising its Anti-Money Laundering laws to include stringent measures against cryptocurrency-related transactions. This revision, the first since 2007, aims to plug the legal gaps exploited in the burgeoning world...