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1 https://wordpress.org/?v=6.9.4https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.pngAnti-Money Laundering (AML) – DIGIT INFO
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3232BIS Bulletin Proposes Revamping Crypto AML Measures With Compliance Scores
https://www.digit.info/bis-bulletin-proposes-revamping-crypto-aml-measures-with-compliance-scores/
Thu, 14 Aug 2025 10:30:54 +0000https://www.digit.info/bis-bulletin-proposes-revamping-crypto-aml-measures-with-compliance-scores/Read more]]>The paper, issued by BIS economists, proposes using blockchain as a transaction history to overcome the limitations faced by current AML measures when dealing with decentralized assets, such as cryptocurrencies and stablecoins, in order to protect off-ramping institutions. BIS Bulletin Proposes Using Blockchain History to Build Crypto AML Score The expansion of cryptocurrency and stablecoins […]
]]>Paxos Agrees to $48.5 Million Settlement Over AML Deficiencies Linked to Binance Partnership
https://www.digit.info/paxos-agrees-to-48-5-million-settlement-over-aml-deficiencies-linked-to-binance-partnership/
Fri, 08 Aug 2025 05:59:13 +0000https://www.digit.info/paxos-agrees-to-48-5-million-settlement-over-aml-deficiencies-linked-to-binance-partnership/Read more]]>The New York State Department of Financial Services (DFS) has reached a $48.5 million settlement with Paxos Trust Company due to deficiencies in its anti-money laundering (AML) program and failures in due diligence related to its partnership with Binance. Superintendent Adrienne A. Harris announced that Paxos will pay a $26.5 million penalty and invest an […]
]]>OKX Pleads Guilty and Shells Out $500M After Violating Anti-Money Laundering Laws
https://www.digit.info/okx-pleads-guilty-and-shells-out-500m-after-violating-anti-money-laundering-laws/
Tue, 25 Feb 2025 02:30:17 +0000https://www.digit.info/okx-pleads-guilty-and-shells-out-500m-after-violating-anti-money-laundering-laws/Read more]]>“OKX was used to facilitate over five billion dollars’ worth of suspicious transactions and criminal proceeds,” said Acting U.S. Attorney Matthew Podolsky. OKX Settles for $500M Following Guilty Plea in Anti-Money Laundering Case Seychelles-based cryptocurrency exchange OKX pled guilty to one count of operating an unlicensed money-transmitting business and was slapped with a $504 million […]
]]>Bybit Addresses AML Concerns After India Block
https://www.digit.info/bybit-addresses-aml-concerns-after-india-block/
Fri, 07 Feb 2025 09:30:40 +0000https://www.digit.info/bybit-addresses-aml-concerns-after-india-block/Read more]]>Cryptocurrency exchange Bybit said on Feb. 6 that it has successfully registered with the Indian Financial Intelligence Unit, underscoring its commitment to regulatory compliance in India. The exchange said it has resolved prior regulatory matters and paid a monetary fine, demonstrating its dedication to transparency and high standards. The announcement came hours after the Indian […]
The paper, issued by BIS economists, proposes using blockchain as a transaction history to overcome the limitations faced by current AML measures when dealing with decentralized assets, such as cryptocurrencies and stablecoins, in order to protect off-ramping institutions. BIS Bulletin Proposes Using Blockchain History to Build Crypto AML Score The expansion of cryptocurrency and stablecoins […]
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The New York State Department of Financial Services (DFS) has reached a $48.5 million settlement with Paxos Trust Company due to deficiencies in its anti-money laundering (AML) program and failures in due diligence related to its partnership with Binance. Superintendent Adrienne A. Harris announced that Paxos will pay a $26.5 million penalty and invest an […]
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“OKX was used to facilitate over five billion dollars’ worth of suspicious transactions and criminal proceeds,” said Acting U.S. Attorney Matthew Podolsky. OKX Settles for $500M Following Guilty Plea in Anti-Money Laundering Case Seychelles-based cryptocurrency exchange OKX pled guilty to one count of operating an unlicensed money-transmitting business and was slapped with a $504 million […]
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Cryptocurrency exchange Bybit said on Feb. 6 that it has successfully registered with the Indian Financial Intelligence Unit, underscoring its commitment to regulatory compliance in India. The exchange said it has resolved prior regulatory matters and paid a monetary fine, demonstrating its dedication to transparency and high standards. The announcement came hours after the Indian […]
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