Anti-Money Laundering Archives

Worldvest launches new investment initiative with a mission to accelerate cutting-edge solutions enabling the tokenization and trading of real-world assets on the Bitcoin Satoshi’s Vision “BSV” blockchain

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3 August, 2023

Worldvest launches new investment initiative with a mission to accelerate cutting-edge solutions enabling the tokenization and trading of real-world assets on the Bitcoin Satoshi’s Vision “BSV” blockchain

WorldVest initiative marks a significant step towards transforming the global infrastructure around tokenizing real-world assets and financial instruments on the...

Chinese police expose $54M money laundering scheme involving USDT

Business

Wahid Pessarlay

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22 July, 2023

Chinese police expose $54M money laundering scheme involving USDT

A total of 21 suspects were arrested, with Chinese authorities seizing 40 mobile phones and nearly $30,000. All 21 individuals...

Bipartisan bill introduced in US to regulate DeFi and combat digital asset crime

Business

James Field

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21 July, 2023

Bipartisan bill introduced in US to regulate DeFi and combat digital asset crime

The Crypto-Asset National Security Enhancement and Enforcement Act of 2023 will require decentralized finance (DeFi) services to abide by the...

FATF calls for better implementation of its digital asset guidance to combat financial crimes

Business

James Field

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28 June, 2023

FATF calls for better implementation of its digital asset guidance to combat financial crimes

The Financial Action Task Force urged member states to promptly implement its virtual asset and virtual asset service provider guidance,...

Business

Steven Stradbrooke

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27 June, 2023

Binance hiring top money laundering lawyer = US criminal charges imminent

Neither the SEC's suit nor the CFTC civil suit filed against Binance/CZ includes money laundering charges—suggesting that the DoJ's long-anticipated...

Google rolls out AI-based anti-money laundering tool for enterprises

Business

Wahid Pessarlay

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26 June, 2023

Google rolls out AI-based anti-money laundering tool for enterprises

Leveraging artificial intelligence, Google claims the service can detect four times more confirmed suspicious activities than traditional detection systems.

Georgian banking regulator to tighten AML screws for digital currency firms

Business

Wahid Pessarlay

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6 June, 2023

Georgian banking regulator to tighten AML screws for digital currency firms

Acting Governor of the NBG Archil Mestvirishvili confirmed that the Georgian central bank would float new anti-money laundering (AML) directives...

Qatar needs to ramp up efforts to combat money laundering: FATF

Business

Wahid Pessarlay

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5 June, 2023

Qatar needs to ramp up efforts to combat money laundering: FATF

Qatar is in danger of being put under Financial Action Task Force’s grey list after the global regulator called out...

Japan to impose stricter AML measures for digital currencies in June 2023

Business

Wahid Pessarlay

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29 May, 2023

Japan to impose stricter AML measures for digital currencies in June 2023

Aiming to align with global AML standards, Japan is pushing for enhanced digital asset regulation in hopes that the move...

FBI, Ukraine seize domains from 9 exchanges accused of promoting illicit activity

Business

Wahid Pessarlay

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4 May, 2023

FBI, Ukraine seize domains from 9 exchanges accused of promoting illicit activity

The exchanges mentioned in the bust include 24xbtc.com, 100btc.pro, pridechange.com, 101crypta.com, uxbtc.com, trust-exchange.org, bitcoin24.exchange, paybtc.pro, and owl.gold.

Digital currency exchanges struggling as regulators close in

Business

Gavin Lucas

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21 April, 2023

Digital currency exchanges struggling as regulators close in

Digital asset firms often blame the "shifting" regulatory landscape for their failures, but in truth, laws haven't changed, and regulators...

EU parliament approves stricter rules to combat money laundering and terrorist financing

Business

James Field

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3 April, 2023

EU parliament approves stricter rules to combat money laundering and terrorist financing

To strengthen its AML/CTF regulations, EU lawmakers approved three new draft legislations that would ensure to uphold transparency, heighten authorities'...

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