Anti-Money Laundering

Binance lawsuit targets exchange as ‘get-away driver’ for bad actors

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22 August, 2024

Binance lawsuit targets exchange as ‘get-away driver’ for bad actors

Binance has been hit with various complaints and settlements in different jurisdictions, with a civil lawsuit filed at the U.S....

China supreme court adds ‘virtual assets’ to anti-money laundering law

Business

James Field

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21 August, 2024

China supreme court adds ‘virtual assets’ to anti-money laundering law

China's Supreme People's Court and the Supreme People's Procuratorate announced that under the new interpretation of the law, "virtual asset"...

India has no plans to regulate digital asset sales or purchases

Business

James Field

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15 August, 2024

India has no plans to regulate digital asset sales or purchases

While there are no immediate plans to regulate digital asset sales and purchases, India continues to strictly monitor the industry,...

‘Crypto’-friendly Customers Bank hit with Fed Reserve enforcement action

Business

Steven Stradbrooke

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9 August, 2024

‘Crypto’-friendly Customers Bank hit with Fed Reserve enforcement action

The Fed Board hit Customers Bank with an enforcement action after results of inspections carried out by the central banking...

Binance protests $86M tax bill for unauthorized operations in India

Business

Steven Stradbrooke

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7 August, 2024

Binance protests $86M tax bill for unauthorized operations in India

India's Directorate General of GST Intelligence unit has issued a show cause notice to Binance demanding a GST payment of...

Swiss finance regulator updates rules for stablecoin issuers

Business

James Field

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31 July, 2024

Swiss finance regulator updates rules for stablecoin issuers

The guidelines come in the wake of increased global attention to stablecoin legislation and the new stablecoin provisions of the...

UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls

Business

Steven Stradbrooke

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26 July, 2024

UK fines Coinbase £3.5M for ‘repeated and material breaches’ of financial crime controls

The FCA fined a £3.5 million (US$4.5 million) penalty on Coinbase's CB Payments Limited for "repeatedly breaching a requirement that...

Russia cautiously warms up to digital asset payments as Putin warns of power disruptions

Finance

Steve Kaaru

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26 July, 2024

Russia cautiously warms up to digital asset payments as Putin warns of power disruptions

Russia’s AML chief called on the government to accelerate the development of digital asset payment infrastructure in international payments amid...

‘Crypto’ anti-money laundering efforts need to incorporate tradfi tools

Business

Steven Stradbrooke

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15 July, 2024

‘Crypto’ anti-money laundering efforts need to incorporate tradfi tools

Chainalysis details the extent to which money launderers use blockchain “to launder funds from a broader range of illicit activities...

What do Celsius Network, Paxful, Tether and Northern Data have in common?

Business

Steven Stradbrooke

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10 July, 2024

What do Celsius Network, Paxful, Tether and Northern Data have in common?

One of Celsius's bankruptcy casualties involved the Paxful digital wallet, and several months after Celsius blew up, Tether made a...

Singapore heightens risk factor of exchanges to counter terrorist financing

Finance

James Field

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5 July, 2024

Singapore heightens risk factor of exchanges to counter terrorist financing

While the Monetary Authority of Singapore has elevated the risk factor for digital asset exchanges, it noted that there are...

SEC, California, Federal Reserve beat Silvergate Bank’s dead horse

Business

Steven Stradbrooke

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3 July, 2024

SEC, California, Federal Reserve beat Silvergate Bank’s dead horse

The U.S. securities regulator announced that it had filed charges against Silvergate Capital Corporation, which operated the California-based 'crypto-friendly' Silvergate...

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