Anti-Money Laundering
EU Proposes Law to ‘Ensure Full Traceability’ of Crypto Transfers
As part of a package of four proposals intended to fight money laundering, Mairead McGuinness, the European Union (EU) Commissioner for Financial Services, wrote in a series of tweets Tuesday the measure “will ban anonymous crypto wallets and make sure that crypto-asset transfers are traceable.”
OK Group to Work With Nanjing Police on Anti-Money Laundering Blockchain
Despite a crackdown on crypto mining, Chinese authorities are still bullish on blockchain technology.
EU to Propose New Agency for Crypto Crackdown
Crypto-asset service providers would be obliged to collect and disclose data concerning originators and beneficiaries of transfers.
Binance-Owned Indian Exchange Taps TRM Labs for Anti-Fraud Management
WazirX says the partnership is a reinforcement of its commitment to detecting and preventing illicit activity.
Cryptocurrencies Are on FinCEN's First 'National Priorities' List
The financial surveillance agency is pointing a finger at crypto in its new plan to combat terrorism financing.
FATF Says Majority of Countries Still Haven’t Implemented Watchdog’s Crypto Guidance
Only 58 out of 128 jurisdictions have stepped up, the anti-money laundering watchdog said Friday.
What Crypto Firms Can Expect From Friday’s FATF Plenary Meeting
Regulatory insiders say the sheer volume of crypto feedback means updated guidance from the FATF could be delayed.
Banks in South Korea Instructed to Treat Crypto Exchanges as High-Risk Clients
Banks will have to deny services to clients that do not comply with ID verification requirements or fail to report suspicious activity to the FSC's anti-money laundering unit.
Will a Digital Dollar Solve the Crypto Ransomware Problem?
Responding to recent high-profile ransomware attacks on major food and oil companies, U.S. lawmakers are amping up their criticism of bitcoin and cryptocurrencies. Dave Jevans of CipherTrace, which tracks crypto crime and anti-money laundering trends, discusses the potential solutions to cyberattacks and whether having a digital dollar is one of them.
UK’s AML Rules Could Force Up to 50 Crypto Firms to Cease Trading: Report
The FCA has expressed concern that a "significantly high number" of crypto-asset businesses are not meeting its standards on AML.
