US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities 3 min read anti-money laundering US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will...Read More
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations 3 min read $50 million fine Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations admin January 5, 2023 Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services...Read More
European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized 3 min read anti-money laundering European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized admin December 10, 2022 The states of the European Union have convened to establish a new limit on cash purchases and...Read More
South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset 3 min read anti-money laundering South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset admin July 15, 2022 The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its...Read More
Report: Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon 2 min read Abdellatif Jouahri Report: Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon admin June 27, 2022 The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the...Read More
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils 2 min read AML EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils admin February 24, 2022 A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to...Read More
US Treasury Warns NFTs May Present New Illicit Finance Risks 2 min read anti-money laundering US Treasury Warns NFTs May Present New Illicit Finance Risks admin February 7, 2022 The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According...Read More
Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament 2 min read AML standards Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament admin January 22, 2022 The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move...Read More
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection 3 min read AML India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection admin January 2, 2022 India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to...Read More
Seychelles Examines the Pros and Cons of Licensing Crypto Trading Platforms 2 min read anti-money laundering Seychelles Examines the Pros and Cons of Licensing Crypto Trading Platforms admin September 10, 2021 Seychelles’ Financial Services Authority (FSA) together with the country’s finance ministry, is reportedly working on a policy...Read More
FinCEN Names Misuse of Cryptocurrencies a National Priority 2 min read AML FinCEN Names Misuse of Cryptocurrencies a National Priority admin July 4, 2021 The Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a...Read More
South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions 2 min read anti-money laundering South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions admin February 22, 2021 South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers...Read More