Anti-Money Laundering Archives

Swiss financial regulator to keep threshold for KYC on digital asset transactions

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4 November, 2022

Swiss financial regulator to keep threshold for KYC on digital asset transactions

Beginning January 2023, wallet providers and digital asset exchanges in Switzerland will be mandated to follow the new KYC regulations,...

Vietnam PM calls for more detailed digital currency regulation

Business

Wahid Pessarlay

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29 October, 2022

Vietnam PM calls for more detailed digital currency regulation

Prime Minister Pham Minh Chinh is calling for action as he believes “it is necessary to study appropriate sanctions, and...

Japanese government ramps up measures against money laundering using digital assets

Business

Wahid Pessarlay

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22 October, 2022

Japanese government ramps up measures against money laundering using digital assets

Exchanges appear to be unfazed by Japan's heightened monitoring of virtual currency transactions, which include stiffer penalties on firms and...

Editorial

Kurt Wuckert Jr

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13 October, 2022

KYC sucks

As a subset of Anti Money Laundering (AML) laws and regulations, Know Your Customer places a lot of burden on...

Tech

Dr. Craig Wright

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6 October, 2022

Digital signatures

A digital signature still requires an identity, and for high-end and high-value transactions, identity can be provided through certificate authorities...

EU puts DeFi on notice, revives stablecoin transaction cap

Business

Steven Stradbrooke

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3 October, 2022

EU puts DeFi on notice, revives stablecoin transaction cap

The European Union is bracing for another wave of measures in the digital asset sector as Parliament mulls tougher laws...

Russia approves digital assets for international payments with strict rules against money laundering

Business

Wahid Pessarlay

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27 September, 2022

Russia approves digital assets for international payments with strict rules against money laundering

The use of digital assets in foreign transactions is set in stone, with Russia assuring that the move aligns with...

US authorities sought Binance internal docs on money laundering

Business

Steven Stradbrooke

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5 September, 2022

US authorities sought Binance internal docs on money laundering

An ongoing U.S. Department of Justice probe into whether Binance violated the Bank Secrecy Act sought internal records to determine...

EU’s new AML watchdog spells trouble for ‘crypto’ crooks

Business

Steven Stradbrooke

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18 August, 2022

EU’s new AML watchdog spells trouble for ‘crypto’ crooks

Digital currency businesses will soon face much stricter oversight in the European Union via the formation of a new cross-border...

UAE new reporting requirements targets real estate transactions settled with digital currencies

Business

Wahid Pessarlay

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12 August, 2022

UAE new reporting requirements targets real estate transactions settled with digital currencies

The rules are targeted at clamping down on money laundering and terrorism financing, according to a statement by the UAE...

Former BitMEX exec Greg Dwyer pleads guilty to BSA violation

Business

Steve Kaaru

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12 August, 2022

Former BitMEX exec Greg Dwyer pleads guilty to BSA violation

Greg Dwyer pleaded innocent at first and vowed to fight the charges, but having seen that the three BitMEX founders...

Portuguese banks ban digital currency exchanges—regulatory compliance is crucial

Editorial

Gavin Lucas

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11 August, 2022

Portuguese banks ban digital currency exchanges—regulatory compliance is crucial

As the larger picture becomes clearer, we'll double down and repeat it: in the coming years, regulators will squeeze those...

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