Money Laundering News

The ICIJ’s report suggests the “Bitcoin czar” may have been a member of the Carbanak hacking group.

The penalties are part of a new piece of legislation that also regulates crypto trading and payments.

The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity.

“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said.

Ukrainian authorities say the crypto exchanges were involved in money laundering and other illicit financial activities.

Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021.

The European Commission looks to block large, anonymous transfers of cryptocurrency in an effort to limit money laundering activity.

OK Group will start working with Chinese authorities to combat money laundering, using distributed ledger technology.

South Korea’s strict crypto regulatory oversight is now extending to overseas exchanges that offer cryptocurrency trading services denominated in the country’s currency.

ECLAC executive secretary stressed that there is no study yet that would have investigated potential risks or benefits of El Salvador accepting BTC as legal tender.

FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs.

Mode’s crypto arm Fibermode is now an official crypto asset firm in the United Kingdom, pursuant to FCA’s amended AML regulations.

The Financial Conduct Authority has warned U.K. consumers of dealing with 111 unregistered crypto firms, calling it “a very real risk.”

Norway’s Financial Supervisory Authority says it only supervises crypto companies for money laundering.

The Financial Action Task Force, a membership body of 37 jurisdictions and two regional organizations, has flagged Malta’s initial push to attract cryptocurrency business as “problematic.”