Anti-Money Laundering Archives

Singapore’s central bank expresses money laundering concerns with digital assets

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26 June, 2024

Singapore’s central bank expresses money laundering concerns with digital assets

While it considers legacy banking as the biggest risk for money laundering, the Monetary Authority of Singapore believes that digital...

Italy to increase oversight of digital asset market

Finance

James Field

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25 June, 2024

Italy to increase oversight of digital asset market

The policy, moving Italy further towards the standards laid out by MiCA, also designates Italy's central bank and market watchdog,...

India charges Binance $2.2M in penalty for non-compliance; industry praises regulatory prowess

Business

Pradipta Mukherjee

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20 June, 2024

India charges Binance $2.2M in penalty for non-compliance; industry praises regulatory prowess

India's FIU charged Binance a penalty of $2.2 million, saying it was "substantiated" after a scrutiny that included oral and...

New Intelligence Act may grant US president power to block digital asset access

Finance

James Field

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13 June, 2024

New Intelligence Act may grant US president power to block digital asset access

While some see the Intelligence Authorization Act as a move by the U.S. to gain control of the digital asset...

Taiwan proposes two-year jail term for non-compliant VASPs in draft bill

Finance

Steve Kaaru

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15 May, 2024

Taiwan proposes two-year jail term for non-compliant VASPs in draft bill

The Ministry of Justice is behind the bill, which seeks to combat money laundering and fraud through digital assets, proposing...

EU’s anti-money laundering bill passes final vote

Business

James Field

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26 April, 2024

EU’s anti-money laundering bill passes final vote

The latest AML package is part of an increased effort by the EU to combat terrorist financing, and money laundering,...

UK widens digital asset money laundering rules to include NFTs

Business

Steve Kaaru

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15 March, 2024

UK widens digital asset money laundering rules to include NFTs

This week, the U.K. Treasury published a paper detailing proposed changes to ‘crypto’ supervision, expanding the FCA’s mandate and including...

Kenya forms ‘crypto’ working group after addition to the FATF grey list

Business

Steve Kaaru

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26 February, 2024

Kenya forms ‘crypto’ working group after addition to the FATF grey list

Kenya joins neighbors Tanzania and Sudan and regional heavyweights South Africa and Nigeria on the grey list, with digital assets...

EU’s new AML watchdog to be based in Frankfurt

Business

Steve Kaaru

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26 February, 2024

EU’s new AML watchdog to be based in Frankfurt

Frankfurt beat bids from Madrid, Paris, Rome, and five other cities to host AMLA, a new 400-member agency whose anti-money...

South Korea to ban unfit exchanges as it ramps up digital asset scrutiny

Business

Steve Kaaru

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18 February, 2024

South Korea to ban unfit exchanges as it ramps up digital asset scrutiny

A three-year license issued to virtual asset service providers (VASPs) in 2021 expires this year, and they have to renew...

Digital asset firms continue to flounder in face of strict UK regulations

Business

Gavin Lucas

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13 February, 2024

Digital asset firms continue to flounder in face of strict UK regulations

Rishi Sunak’s vision of the U.K. becoming a global hub for Bitcoin will likely come true, and the U.K. will...

US Treasury Department assesses ‘crypto’ money laundering, terror financing risks

Business

Steven Stradbrooke

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9 February, 2024

US Treasury Department assesses ‘crypto’ money laundering, terror financing risks

US Treasury plans to release its 2024 National Strategy for Combatting Terrorist and Other Illicit Finance, which will be based...

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