AML

Turkish Crypto Exchanges Must Report Transactions Over $1,200, Finance Minister Says

The country is rushing to regulate the crypto market after two local crypto exchanges went offline in April.

News  ·  7 May 2021
Turkey

Turkey Adds Crypto Trading Platforms to List of Firms Covered by AML Regulations

The country's latest move to rein in cryptocurrencies went into effect immediately.

Markets  ·  1 May 2021
Ransomware

Enforcing KYC, AML Laws Is Key to Reducing Ransomware Attacks: Task Force

Existing AML/KYC laws could reduce ransomware proliferation, but it would require an international effort.

News  ·  29 April 2021
DeFi

CipherTrace Wants to Introduce DEXs to Sanctions Compliance

The new tool uses an oracle on Chainlink to spot crypto wallet addresses on government watchlists.

News  ·  9 April 2021
FCA

UK Crypto Companies Now Have to Submit Financial Crime Reports

The new FCA policy will see the number of companies required to submit financial crime reports increase from 2,500 to 7,000.

News  ·  31 March 2021
Regulation

Russia to Track Bitcoin Cash-Outs: Report

Russia's anti-money laundering agency is going to identify and track down bitcoin-to-fiat sales, the government official said.

Policy & regulation  ·  24 March 2021
FATF

Crypto Exchange OKEx Korea to Close as New AML Rules Come Into Force

An exchange spokesperson said the new anti-money laundering regime would make it too tough to continue operating.

Business  ·  23 March 2021
Anti-Money Laundering

Central Bank of Ireland Expands Anti-Money Laundering Regime

The new requirements take effect in April.

Markets  ·  17 March 2021
CoinFlash

UK Crypto Trade Group Calls for Action Over Chronic Delays to FCA Registrations

Only four out of 200 crypto businesses' applications to the FCA's Money Laundering Registration regime have seen a decision, said CryptoUK.

Policy & regulation  ·  15 March 2021
China

Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by the authorities.

Policy & regulation  ·  5 December 2020
FATF

Group Backed by ING Bank, Fidelity and Standard Chartered Releases Crypto AML Tools

The Travel Rule Protocol working group has published the first version of its TRP API.

Business  ·  8 October 2020
BRD

BRD Is Breaking Into the Crypto Compliance Game

The new tech stack will provide AML and compliance tools for financial institutions, government agencies, and cryptocurrency service providers.

Business  ·  22 September 2020
Spain

Spain’s Crypto Firms to Face New Registration Requirements Under EU-Driven Bill

Spain is finally getting around to amending its AML laws six months after the EU deadline for compliance. The public comment period on that amendment ends today.

Policy & regulation  ·  23 June 2020
Regulation

FATF Says US ‘Largely Compliant’ With Virtual Currency Recommendations

A new Financial Action Task Force report says the U.S. is largely in compliance with its recommendations around digital assets, but still has some "minor deficiencies" in its state and federal framework.

Policy & regulation  ·  2 April 2020