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CipherTrace Releases Anti-Money Laundering Report for Q4 2019
12.2.2020
Crypto-blockchain forensic project CipherTrace has released the anti-money laundering report for the last quarter of 2019, and the results are saddening, to say the least. The results indicate that the doubts raised by politicians globally are not mere speculations, but have a certain level...
Tether Stablecoin Taps Chainalysis for Anti-Money Laundering Compliance Tools
12.2.2020
Tether is using Chainalysis' "Know Your Transaction" tool to create risk profiles for USDT users and monitor potentially suspicious activity
FinCen: Social Media Crypto Projects Can’t Ignore Money Laundering Risk
10.2.2020
The deputy director of FinCen says social media platforms should have the same AML compliance responsibilities as traditional financial actors
What The 5th Anti-Money Laundering Directive Means For Crypto Businesses
10.1.2020
As 5AMLD comes into effect, cryptocurrency service providers are on the hook for new regulations
Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
18.12.2019
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one...
Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws
13.12.2019
Bottle Pay is shutting down, citing the EU's new AML rules, which could compel crypto wallet providers to collect KYC info from users starting next month
Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator
11.12.2019
The Swiss Financial Market Supervisory Authority warned that blockchain exacerbates the country’s money laundering risks
Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF
7.12.2019
Ukraine’s parliament approves a final version of a money laundering law that will handle virtual assets and virtual asset service providers per FATF guidelines
Dutch Crypto Startups Brawl With Regulators Over Scope of EU Money Laundering Rule
2.12.2019
Dutch crypto startups are crying foul as local regulators look to implement the EU 5th Anti-Money Laundering Directive ahead of a Jan. 10 deadline
BitBay Also Delists Monero, Citing Money Laundering Concerns
26.11.2019
Source: iStock/isa_ozdere
Poland-headquartered, Central and Eastern Europe-focused cryptocurrency exchange BitBay said it will delist Monero (XMR) early next year.
The exchange announced on Monday that, come February 19 2020, it will end its trading support with this privacy-focused digital...
BitBay Crypto Exchange to Delist Monero Due to Money Laundering Concerns
26.11.2019
BitBay will drop support for the privacy-centric cryptocurrency Monero in 2020 in order to stay in line with industry Anti-Money Laundering standards
Lawyer Found Guilty of Money Laundering for OneCoin’s Cryptoqueen
21.11.2019
Mark S. Scott was found guilty of helping OneCoin co-founder Ruja Ignatova launder $400 million
Fincen Director: US to Impose Strict Anti-money Laundering Rules on Crypto Exchanges
16.11.2019
Kenneth Blanco, director of the FinCEN (Financial Crimes Enforcement Network), said recently that the rules would be strictly imposed by the U.S. government that require the firms engaged in cryptocurrency money service businesses, to share data about their customers. As a part of anti-money...
FinCEN Chief: US Will Strictly Enforce Anti-Money Laundering In Crypto
15.11.2019
FinCEN Director said that Anti-Money Laundering laws will be strictly enforced in the world of crypto
Document Reveals That Danske Bank Uses Gold Bullion for Money Laundering
11.11.2019
The Danish Danske Bank has been in the eye of a storm for quite some time after it discovers that one of its branches in Estonia has used for money laundering. It has now emerged that the bank had even used gold bullion to launder money. The revelations are going to be embarrassing for Denmark’s...
Danske Bank Caught Using Gold Bullion to Launder Illicit Funds
10.11.2019
The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $223 billion in an eight-year period. According to documents uncovered this week stemming from 2012, Danske Bank’s Estonian branch...
CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance
8.11.2019
How to comply with anti-money laundering regulations while preserving user privacy was a major topic of conversation at this conference
Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin
8.11.2019
Brian Haney, a former narcotics trafficker, pled guilty to charges that he laundered $19 million in bitcoin on Silk Road
AOFEX Crypto Exchange Aims to Induce Anti-money Laundering Tactics to Protect Users
8.11.2019
Digital currencies or cryptocurrencies, as they are better known as, have been one of the most talked-about pedagogies of the financial sphere in recent times. Where the biggest names of the industry showed trust and gambled their wealth in virtual currencies and its development, there have also...
Securities Commission Slams Down Einstein Exchange in Vancouver Amid Money Laundering Charges
5.11.2019
According to the press release by the BCSC or the British Columbia Securities Commission on November 4, the body has taken regulatory action against a Vancouver based cryptocurrency exchange, popular by the name Einstein Exchange. The company was incorporated in December 2017 as a cryptocurrency...