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Nalezeno "aml": 776

New York financial regulator fines Robinhood's crypto division $30M

2.8.2022
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris

Japan's crypto self-regulation 'experiment' not working

20.7.2022
Self-reg entity JVCEA has reportedly received stern warnings to get its act together, as Japan’s Financial Services Agency pushes for the organization to speed up its AML regulation rollout

Coinbase secures crypto asset service provider approval in Italy

18.7.2022
Coinbase started providing its cryptocurrency services in Italy a while ago, offering Coinbase card services in the country as of June 2019

Binance Gets VASP License From the Bank of Spain

11.7.2022
Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of...

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...

EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies

30.6.2022
European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities potentially involving digital assets. The progress comes as the Union seeks to comprehensively...

EU officials reach agreement on AML authority for supervising crypto firms

29.6.2022
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun

President of Panama shoots down crypto bill citing FATF guidelines

17.6.2022
Although the President has previously called the laws innovative, his concern regarding anti-money laundering measures has put the bill back up for debate with the government

BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation

16.6.2022
Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in 2020

Illicit crypto usage as a percent of total usage has fallen: Report

14.6.2022
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline

Information, AML/CFT steps are key to fighting international digital crime, DOJ report says

8.6.2022
The Justice Department report, mandated by the president executive order on digital asset development, recommends more efforts along the lines already being pursued

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

21.5.2022
Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation

Court Hands BitMEX Founders USD 30m in Fines for AML Violations

6.5.2022
A New York court has ordered the three former masterminds of the BitMEX crypto exchange to fork out a combined USD 30m in “civil monetary penalties.”... Read More: Court Hands BitMEX Founders USD 30m in Fines for AML Violations

European watchdog lists crypto next to lawyers, accountants as an AML threat

4.5.2022
The annual supervision report from MONEYVAL concluded that 18 of the 22 jurisdictions have an insufficient level of compliance with AML standards

Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation

29.4.2022
The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after...