AML – Page 42 – DIGIT INFO

Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks

Money Laundering Scandals Bring Euro Banks Court Charges and Record Job Cuts The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently. New chapters have been added to the saga over the last […]

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‘Not Everyone Is Happy but We Have to Move on,’ Some Challenges to the FATF’s New Guidance

Not everyone is happy about the FATF’s new rule. Cointelegraph investigates some challenges from both technical and philosophical standpoints

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Dutch Ministers Call for Cryptocurrency, Cash Use Regulations

Dutch ministers have proposed that the government regulate crypto and large cash transactions, citing concerns over money laundering

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Regtech Startup Coinfirm to Investigate XRP’s Compliance With AML Provisions

Ripple has signed an agreement with Coinfirm to explore XRP’s compliance with AML provisions

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French Central Bank: Facebook’s Libra May Need Banking License

Facebook’s Libra must comply with anti-money laundering regulation and needs banking licenses, according to the Bank of France Governor

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Updated Crypto Guidelines From FATF Has Far-Reaching Implications

Enforcement of Updated Crypto Guidelines From FATF Has Far-Reaching Implications The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market access. Also read: BCH Development Fund Doubles Its Goal After a Successful Month […]