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Nalezeno "AI Compliance": 665

Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals

12.7.2024
Binance is celebrating its seventh anniversary, reflecting on its growth and achievements in the rapidly evolving cryptocurrency industry. In an open letter, Binance CEO Richard Teng shared his insights and perspective on the company’s journey and future. Binance CEO Richard Teng on Successes...

Hiro Systems Applauds SEC Decision to Close Stacks Investigation

12.7.2024
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer, Hiro Systems, with no recommended enforcement actions. This investigation began in 2021 despite claims by network contributors that Stacks’...

Crypto for Advisors: Crypto and Compliance

11.7.2024
The coming years are crucial for compliance and risk in crypto. Beth Haddock discusses strategies advisors can take to protect their brand while serving clients as fiduciaries

BitMEX expects ‘no further fines’ for ‘old’ AML violation in US

11.7.2024
BitMEX addresses the DOJ's BSA charge as a past issue, highlighting their compliance improvements and founders' prior penalties

Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies

10.7.2024
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6...

Cyprus calls for collective crackdown against crypto terror financing

10.7.2024
The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime

Karma served: Pink Drainer gets hit with address poisoning scam

8.7.2024
“The scammers have been scammed” — notorious crypto-draining took kit just lost 10 ETH to a wallet poisoning attack

Crypto exchanges subject to EU Travel Rule in 6 months

5.7.2024
New EU regulations mandate crypto exchanges to comply with Travel Rule Guidelines, enhancing AML/CFT measures starting Dec. 30

Bitget in ‘active discussions’ to receive licensing in India

3.7.2024
Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations

Binance.US 'prepared' for SEC legal showdown

2.7.2024
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics

Cardano updates MiCA compliance indicators 6 months ahead of the curve

2.7.2024
The Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of the regulatory curve with a focus on energy efficiency and transparency

Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations

26.6.2024
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches...

Bitstamp drops Euro Tether amid new MiCA rules

26.6.2024
Bitstamp was one of the first crypto exchanges to list Tether’s euro-pegged stablecoin, the Euro Tether, in November 2021

Hong Kong targets DeFi, metaverse for fintech expansion

26.6.2024
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors

Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait

24.6.2024
On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start...

South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty

23.6.2024
South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail...

Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions

22.6.2024
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve...