AML
Upbit 'Assessing' South Korean Regulator's Review After $25M Fine
The country's largest crypto exchange shared a case where the Financial Intelligence Unit was proven wrong in the past and had actions overturned in court.
Canada’s Anti-Money Laundering Watchdog Levies Record $126M Fine on Cryptomus
Fintrac said the firm was fined for unreported activity including transactions tied to child sexual abuse material, fraud, ransomware payments and sanctions evasion.
Binance Australia Directed to Appoint External Auditor Over 'Serious Concerns'
Binance Australia has 28 days to nominate external auditors for AUSTRAC's consideration.
New Zealand Wants to Ban Crypto ATMs in Anti-Money Laundering Overhaul
The government also proposed setting an upper limit of 5,000 New Zealand dollars ($3,000) for international cash transfers.
Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report
Between 2022 and 2023, crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed.
EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto
The new laws set up "enhanced" due diligence and customer checks for crypto firms.
Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.
Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges
The exchange was charged under the Bank Secrecy Act.
It’s Time to Scrap AML/KYC Entirely
Bitcoin OG Bruce Fenton argues that know-your-customer and anti-money laundering requirements are deeply flawed and ineffectual.
Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto
The Anti-Money Laundering Authority is part of a broader effort by the European Union to combat illicit fund flows, and is ready to begin work as early as Friday, officials said Thursday.
