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Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
19.1.2024
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk
AML rules for digital assets to come into effect in UAE
31.5.2023
The licensed financial institutions would be required to identify and verify the identities of all customers
Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report
8.11.2022
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers
Japan Greenlights Tougher AML Rules for Crypto
17.10.2022
A cabinet decision to revise six foreign exchange laws closely follows a government plan to introduce new rules for remittances, all aimed at tightening anti-money laundering measures for crypto
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law
10.7.2022
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines...
Europe's Lawmakers Set to Advance Discussion of Controversial Crypto AML Rules
27.4.2022
Talks on contentious anti-money laundering rules for the sector are reaching the closing stage, but some hope there’ll be wiggle room on small payments, unhosted wallets and transition periods
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
21.4.2022
Digital Euro May Get Easier AML Rules Than Bitcoin, EU Commissioner Says
5.4.2022
Mairead McGuinness promised a role for banks in distributing the CBDC, as a consultation presages legislation earlier next year
Israel reportedly adopts new AML rules for crypto
16.11.2021
The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses
EU Proposes Law to ‘Ensure Full Traceability’ of Crypto Transfers, Ban Anonymous Wallets
21.7.2021
The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will...
UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules
4.6.2021
Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their...
UK Banks Getting Tough on Bitcoin, But AML Rules Are The Real Problem
25.4.2021
Matthew Shillito, Lecturer in Law, University of Liverpool.
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NatWest, the UK retail bank, has announced it will not engage with business customers who accept payment in bitcoin or other cryptocurrencies. It follows recent announcements from HSBC that it won’t allow transfers from digital...
South Korean Politician Pushes for Tougher Crypto Exchange AML Rules
4.8.2020
Source: Adobe/david_franklin
More restrictive anti-money laundering (AML) compliance measures could be incoming for South Korean crypto exchanges after a lawmaker lodged a private member’s bill in the National Assembly.
The National Assembly, South Korea’s parliament, will likely debate and vote...
Time Is up for Crypto Firms to Register in the Netherlands Under New AML Rules
18.5.2020
Today is the deadline for Dutch crypto companies to register and pay a new fee under new AML rules
Canada’s New AML Rules Have Room for Improvement but a Good Start, Eh?
29.3.2020
Canada’s financial regulators tighten the reins on the crypto industry. Will those changes benefit the local market in the long run?
Europe’s New AML Rules Made Crypto More Attractive to Institutions, Says Boerse Stuttgart Exec
10.3.2020
Europe's fifth anti-money laundering directive seems to have increased institutional interest in crypto, says Ulli Spankowski, Boerse Stuttgart's chief digital officer
Singapore Announces New AML Rules for Crypto Businesses
28.1.2020
Singapore’s newly-enacted Payment Services Act brings so-called Digital Payment Token (DPT) services under current anti-money laundering (AML) and counter-terrorist-financing (CTF) rules
Crypto Analytics Firm Elliptic to Tell US Congress Privacy Coins Need Stricter AML Rules
15.1.2020
Elliptic head of policy Liat Shetret will recommend that the U.S. push for greater enforcement of anti-money laundering regulation of crypto exchanges, including for traders using privacy coins, in a Congressional hearing on human trafficking
Mnuchin ‘Fine’ With Libra Launch, But Crypto Project Must ‘Fully’ Comply With AML Rules
6.12.2019
Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter