Anti-Money Laundering

Fundamentally Incompatible: How the Proposed Crypto Tax Rules Miss the Mark

A late addition to the infrastructure bill moving through Congress would impose impossible reporting requirements on miners and wallets.

Opinion  ·  30 July 2021

Indian Authorities to Question Binance on Laundering of Betting Proceeds: Report

The Enforcement Directorate is investigating Chinese-operated betting apps that have collected more than $134 million over the last 10 months.

News  ·  30 July 2021

Israeli Bill Would Force Crypto Investors to Report Holdings Above $61K

The Israeli Bitcoin Association is opposing the proposed reporting requirement, calling it discriminatory.

Policy & regulation  ·  28 July 2021
Money Laundering

What a Gory New Horror Film Teaches Us About Financial Censorship

Much like the deranged lead of "Censor," financial regulators are deluding themselves that centralized control will lead to a crime-free utopia.

Opinion  ·  25 July 2021

OK Group to Work With Nanjing Police on Anti-Money Laundering Blockchain

Despite a crackdown on crypto mining, Chinese authorities are still bullish on blockchain technology.

News  ·  12 July 2021
Money Laundering

EU to Propose New Agency for Crypto Crackdown

Crypto-asset service providers would be obliged to collect and disclose data concerning originators and beneficiaries of transfers.

News  ·  8 July 2021

US Crypto Giants Build First Version of FATF-Compliant ‘Travel Rule’ Tool

BitGo, Coinbase, Gemini, Kraken and Fidelity are putting an anti-money laundering solution up for consideration.

Policy & regulation  ·  25 June 2021

FATF Says Majority of Countries Still Haven’t Implemented Watchdog’s Crypto Guidance

Only 58 out of 128 jurisdictions have stepped up, the anti-money laundering watchdog said Friday.

Policy & regulation  ·  25 June 2021

What Crypto Firms Can Expect From Friday’s FATF Plenary Meeting

Regulatory insiders say the sheer volume of crypto feedback means updated guidance from the FATF could be delayed.

Policy & regulation  ·  24 June 2021

Banks in South Korea Instructed to Treat Crypto Exchanges as High-Risk Clients

Banks will have to deny services to clients that do not comply with ID verification requirements or fail to report suspicious activity to the FSC's anti-money laundering unit.

News  ·  14 June 2021

UK’s AML Rules Could Force Up to 50 Crypto Firms to Cease Trading: Report

The FCA has expressed concern that a "significantly high number" of crypto-asset businesses are not meeting its standards on AML.

News  ·  4 June 2021
Hong Kong

Hong Kong Government Proposal on Licensing Crypto Firms Ends Consultation Period

The government plans to introduce licensing for virtual asset service providers.

Policy & regulation  ·  21 May 2021
Anti-Money Laundering

Diginex Arm Becomes First Stand-Alone Crypto Custodian Approved by UK Watchdog

Firm hopes FCA approval will make it more attractive for institutional investors.

News  ·  14 May 2021

Colombia’s Crypto Use Soars, and Local Regulators Step In

The Colombian government is implementing new anti-money laundering laws with local exchanges.

Policy & regulation  ·  30 April 2021

Coinbase Taps Morgan Stanley Lawyer to Head Enterprise Compliance

Ian Rooney clocked almost 10 years at Morgan Stanley.

News  ·  1 April 2021