News with the tag "Anti-money laundering"

Key Takeaways: New techniques uncover behavioral signatures in digital money flows, suggesting criminals are rapidly adapting beyond simple transfers. The swift, borderless nature of crypto exposes a widening gap between legacy regulations and modern financial crime. These insights push for a proact...

“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 ...

Chinese police have uncovered a large-scale underground banking operation that used cryptocurrency to facilitate cross-border fund transfers, resulting in multiple arrests. According to a report by China National Radio published on February 12, 2025, the network laundered over CNY 1 billion ($136 mi...

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 dedicati...

California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.

Australia has the third largest number of crypto ATMs in the world and regulators are worried they could be facilitating financial crime.

Coinbase chief Brian Armstrong says that the US government’s efforts to curb money laundering have been a failure and a misuse of public funds. In a post on the social media platform X, Armstrong says that the US anti-money laundering (AML) policies should be reviewed by President-elect Donald Trump...

Taiwan has accelerated the introduction of its regulatory Anti-Money Laundering (AML) framework for crypto businesses. The new regulations, set to start nearly a month in advance, require Virtual Asset Service Providers (VASPs) to comply with the registration mandate to prevent stricter penalties. T...

Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.

Bitstamp, a cryptocurrency exchange, has received a MiFID MTF license from the Slovenian securities regulator. The license allows Bitstamp to offer more sophisticated products, including crypto derivatives, to both institutional and retail investors. The Slovenian securities regulator has granted Bi...