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Nalezeno "anti-money laundering laws": 15

South Korea probes Upbit for 600K KYC violations

15.11.2024
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal

Senator Elizabeth Warren Slams Push For Stablecoin Bill, Cites National Security Risks

10.4.2024
Senator Elizabeth Warren is criticizing the push for a stablecoin bill without anti-money laundering laws in place due to national security concerns, a letter sent on Monday to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveals. Warren...

KuCoin Sees Over $1 Billion Outflows After Money Laundering Charges in US

27.3.2024
Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws. The post KuCoin Sees Over $1 Billion Outflows After Money Laundering...

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...

EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

24.3.2024
A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering...

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...

Binance US Guilty Plea May Raise Complications for Hong Kong Affiliate’s Crypto License Application- Here’s What You Need to Know

24.11.2023
Source: Pixabay According to several industry experts, Binance and its founder, Changpeng Zhao (CZ), pleading guilty to US anti-money laundering laws could pose challenges to the cryptocurrency exchange’s ambitions in Hong Kong. On November 21, Changpeng Zhao stepped down as CEO of Binance...

Taiwan Authorities Arrest Two Suspects in JPEX Scandal Amid Ongoing Investigation

9.11.2023
Source: Pixabay The Taipei District Prosecutors Office has detained two individuals linked to JPEX, the cryptocurrency exchange, as part of an ongoing investigation into suspected fraud. The arrests come as a result of their alleged involvement in violations of relevant banking and anti-money...

Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report

24.5.2023
Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers

EU Crypto Firms Protest ‘Alarming’ Anti-Money Laundering Laws

19.4.2022
European industry is joining forces as it seeks to limit the impact of new proposals to cut the privacy of online payments and regulate stablecoins

Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform

30.12.2021
Authorities in Hong Kong have arrested two individuals accused of laundering about $384 million using various avenues including a cryptocurrency exchange trading platform. If convicted, the two face a maximum jail sentence of 14 years plus a fine of $5 million. An Indictable Offense Two people...

US Senator Lummis: Big Government Spenders Are Accelerating Adoption of Crypto Assets Like Bitcoin

30.7.2021
U.S. Senator Cynthia Lummis is pushing for regulation that would ensure bitcoin remains a good store of value. If the cryptocurrency “is to become what El Salvador has done, legal tender, then we need to make sure that we are using it in ways that comply with the Bank Secrecy Act...