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Thailand to Bring Cryptocurrency Under Anti-Money Laundering Rules
5.8.2019
Thailand's anti-money laundering regulator is planning to amend the country's laws to mandate reporting by cryptocurrency exchanges
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report
18.7.2019
Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT
Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide
16.7.2019
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates,...
UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime
15.7.2019
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets
Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
11.7.2019
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June
Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra
10.7.2019
The chair of the Federal Reserve said Facebook needs to address a number of concerns thoroughly and carefully before it can move forward with Libra
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
Dutch Ministers Call for Cryptocurrency, Cash Use Regulations
1.7.2019
Dutch ministers have proposed that the government regulate crypto and large cash transactions, citing concerns over money laundering
Indian Drama Of Decentralized Currencies – Should Cryptocurrency Be Legalised In India?
30.6.2019
Cryptocurrencies, though in existence for over a decade, still haven’t picked up in India. Despite a reasonably active community, government restrictions have prevented it from being the wonder which it could be. Authorities are against it, enthusiasts want it, but do we really need it? Is...
Ripple’s Newest Partnership Demonstrates Its Move For Anti-Money Laundering
28.6.2019
The crypto industry has always struggled when it comes to money laundering instances, including numerous threats and hacks taking place ever so often. Ripple seems to have taken a big move to avert such a scenario with its latest partnership with Coinfirm, which is a start-up in the regulation...
Enforcement of Updated Crypto Guidelines From FATF Has Far-Reaching Implications
25.6.2019
The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers)...
Libra Will Allow People To Use Digital Cash, And Will Prevent Money Laundering, Says David Marcus
23.6.2019
Cryptocurrencies and blockchain are two very complicated and technical subjects which require an in-depth study and efforts to understand. This is what lacks among most regulators and critics of, which leads to various accusations resulting from unawareness. Facebook’s Vice President for Messaging...
FATF to Strengthen Control Over Crypto Exchanges to Prevent Money Laundering
21.6.2019
At the plenary session today, the FATF focused on greater regulation of cryptocurrency to stop its usage in money laundering
France Creates G7 Taskforce to Examine Facebook’s Libra, Crypto Regulation
21.6.2019
A G7 taskforce is being created to examine how central banks can regulate cryptocurrencies such as Facebook’s libra
Spanish Law Enforcement Arrests 35 Suspects for Bank Fraud, BTC Money Laundering
14.6.2019
People accused of counterfeiting banking cards and laundering the proceeds through bitcoin have been arrested by Spanish law enforcement
FATF to Release New Rules for Global Crypto Sector, Impacting Exchanges, Funds, Custodians
12.6.2019
On June 21, the Financial Action Task Force will reportedly publish a note clarifying how participant nations should exercise oversight for the digital assets sector
Malta Needs to Up Its AML Game As Crypto Sector Grows, Says EU
5.6.2019
Malta should increase its anti-money laundering policing to match the growth in financial and crypto services, according to the EU
German Regulator Has No Info on ‘Cyber Incidents’ on German Crypto Trading Platforms
28.5.2019
Germany’s financial watchdog, BaFin, reports it has “no information that cyber incidents have occurred on trading platforms for cryptoassets in Germany”
Cryptocurrency Mixers and Why Governments May Want to Shut Them Down
28.5.2019
While law enforcement agencies go after cryptocurrency transactions anonymizers, some stakeholders are clamoring for more on-chain solutions