BitMex denies CFTC and DoJ allegations, says trading will continue
Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual. Go to Source Powered by WPeMatico
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FinCEN director warns banks about cryptocurrency risk exposure
FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs. Go to Source Powered by WPeMatico
Mandatory KYC verification may contradict privacy laws in South Korea
Will this legal contradiction be resolved before the deadline? Go to Source Powered by WPeMatico
FinCEN leak suggests new AML measures may not go far enough… for banks
The leaked documents show many banks ‘enabling’ money laundering. Go to Source Powered by WPeMatico
Illicit crypto transactions are getting more attention from the government
The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity. Go to Source Powered by WPeMatico
BRD’s enterprise banking blockchain boosted by new compliance strategy
Crypto wallet provider BRD partners with Ciphertrace, Chainalysis and others to boost its banking enterprise solution. Go to Source Powered by WPeMatico
Report: Privacy coins don’t conflict with anti-money laundering laws
Where does the right to financial privacy end? Go to Source Powered by WPeMatico
Privacy coins ‘pose less risk of money laundering than other coins’
Privacy coins aren’t a major money laundering risk a new white paper argues. Go to Source Powered by WPeMatico
Binance sued for allegedly facilitating money laundering with ‘lax KYC’
Binance’s lax KYC requirements are creating more legal problems for the exchange. Go to Source Powered by WPeMatico
How banks are integrating crypto AML software for compliance
Virtual asset service providers (VASPs) are looking for effective cryptocurrency compliance solutions as new regulations are introduced globally to combat illicit activity on the blockchain. What solutions are available to them? Go to Source Powered by WPeMatico