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The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean … Read more
The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT Go to Source Powered by WPeMatico
Bitcoin ATMs show a gap in European Union’s Anti-Money Laundering regulation, according to Spanish law enforcement Go to Source Powered by WPeMatico
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June Go to Source Powered by WPeMatico
The chair of the Federal Reserve said Facebook needs to address a number of concerns thoroughly and carefully before it can move forward with Libra Go to Source Powered by WPeMatico
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 … Read more
Dutch ministers have proposed that the government regulate crypto and large cash transactions, citing concerns over money laundering Go to Source Powered by WPeMatico
At the plenary session today, the FATF focused on greater regulation of cryptocurrency to stop its usage in money laundering Go to Source Powered by WPeMatico
A G7 taskforce is being created to examine how central banks can regulate cryptocurrencies such as Facebook’s libra Go to Source Powered by WPeMatico
People accused of counterfeiting banking cards and laundering the proceeds through bitcoin have been arrested by Spanish law enforcement Go to Source Powered by WPeMatico
