Anti-money Laundering

UK Crypto Firms Face 87% Rejection Rate In FCA Registration Process
Former Binance CEO Changpeng Zhao Sentenced To Four Months In Prison
Crypto Crusader John Deaton Battles Critic Elizabeth Warren In High-Stakes Senate Race
Former Binance CEO Changpeng Zhao Sentenced To Four Months In Prison
Crypto Crusader John Deaton Battles Critic Elizabeth Warren In High-Stakes Senate Race
Binance Wants Fraud Lawsuit With SEC Dismissed On Heels Of $4.3B DOJ Settlement
DeFi Risks Get Regulatory Spotlight As CFTC Seeks Collaboration With Industry Pros

Anti-money Laundering Recent News

Binance's Regulatory Woes Escalate As This Country's Regulators Restrict Access
The Philippines' Securities and Exchange Commission (SEC) has initiated steps to restrict access to Binance.
Binance Founder Zhao Defies US Government's Flight Risk Accusations
Former CEO of crypto exchange Binance (CRYPTO: BNB) Changpeng Zhao is contesting the U.S. government's attempt to modify his bail terms.
Binance Fined Over $4B For Not Guarding Against Money Laundering, Hamas Transactions: Garland
Attorney General Merrick B. Garland said: "As CEO of Binance, Zhao willfully violated federal law..."
Tether, OKX Strike At 'Pig Butchering' Scam With $225M Freeze
Stablecoin issuer Tether (CRYPTO: USDT), in collaboration with crypto exchange OKX, Monday announced the freezing of approximately $225 million in USDT tokens that were identified in external self-custody wallets linked to a Southeast Asian human trafficking syndicate involved in a
House Committee To Explore Crypto's Dark Side In Upcoming Hearing
The House Financial Services Committee (FSC) is set to conduct an in-depth examination of unlawful activities within the cryptocurrency sector. 
EXCLUSIVE: Helio CEO Discusses Blockchain Potential, Hidden Wallets And Economic Benefits
Helio CEO Stijn Paumen recently spoke with Benzinga where he shed light on the transformative role of blockchain technology.
UK Regulator FCA Approves PayPal As Crypto Service Provider On Heels Of Suspension
The U.K.
Dutch Crypto Triumphs: Court Rejects DNB's $2.3M Registration Fees As Overreach
Dutch cryptocurrency companies, including prominent names like Bitvavo and Binance's successor Coinmerce, have achieved a partial victory in their battle against the $2.3 million fees levied by Dutch r
India Pivots On Crypto After Reviewing G20 Proposal, Secretary Of Economic Affairs Says
Amid the anticipation of the upcoming Benzinga's Future of Digital Assets conference on Nov.
Travel Rule Ignites Compliance Crisis For UK Crypto Firms
UK-based crypto firms must now adhere to the Financial Action Task Force's Travel Rule, a global initiative to enforce anti-money laundering and counter-terrorist financing measures on blockchain transactions.
Archblock Launches Tokenized US Treasury Bills Fund On Marketplace For Global Investors
Decentralized alternatives marketplace Archblock Tuesday announced the introduction of a tokenized U.S.
Bitcoin Widow Wins $270,000 Settlement After Bank Blocks Deposit
Esther Freeman, a pensioner who earned approximately $270,000 from Bitcoin (CRYPTO: BTC) investments, had her lawsuit against Bank Hapoalim dismissed nearly two years after alleging the bank refused her deposit of the cryptocurrency pro
India Backs G20's Global Framework For Cryptocurrencies, Urges Focus On Developing Countries
As the current chair of the G20, India has expressed its support for the Financial Stability Board's (FSB) proposed global framework for cryptocurrencies, which was released in July.
Kuwait Implements Comprehensive Ban On Cryptocurrencies: What You Need To Know
Kuwait joined the list of jurisdictions implementing a comprehensive ban on cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), as the country's main financial regulator, the Capital Mark
Israel's Defense Ministry Seizes $1.7M In Digital Currencies From Terrorist Groups
Israel's Defense Minister confirmed that a sophisticated digital currency network linked to Hezbollah and the Iranian Quds Force has been thwarted.
Cuscal Tightens Grip On Crypto Transactions, Blockchain Australia Pushes Back
Australian payment provider Cuscal has made moves to introduce fresh restrictions on cryptocurrency transactions. Blockchain Australia has voiced its concerns over the move and articulated the need for a balanced approach since, amid economic uncertainty, the probability of scams and fraud rises.
Binance Caught In A Regulatory Siege With The Netherlands
Crypto exchange Binance announced on Friday it will cease operations in the Netherlands, effective immediately, due to regulatory hurdles in the country.
Crypto Takes The European Stage: Inside MiCA's Transformative Regulatory Framework
Markets in Crypto Assets (MiCA) regulation, inscribed in the Official Journal of the European Union on June 9, is expected to be enacted by Dec. 30, 2024. Certain provisions will even be brought into play six months in advance, on Jun. 30, 2024.
Japan's Crypto Giant BitFlyer Clamps Down On Money-Laundering
BitFlyer, a cryptocurrency exchange based in Japan, announced on Tuesday that it is introducing stringent measures against money laundering in compliance with the "Travel Rule" initiated by the global financial watchdog, Financial Action Task Force (FATF). The rules mandate sharing information on transfers.
Japan Cracks Crypto Whip, Implements Strict Travel Rule To Combat Money Laundering
Japan is adopting enhanced measures to combat money laundering, notably, the "travel rule" advocated by the Financial Action Task Force (FATF).
Crypto Trading In Hong Kong Goes Mainstream — How Investors Will Be Protected
Hong Kong's Securities and Futures Commission (SFC) has announced that it will start accepting applications for crypto trading platform licenses beginning June 1.
Crypto Crime On The Rise, DOJ Takes Aim At Violators Including 'Too Big To Fail'
Amid a significant increase in crypto-related crime over the past four years, Eun Young Choi, the newly appointed head of the Department of Justice's (DOJ) cryptocurrency enforcement division, has pledged to fortify the crackdown on
Binance's Overzealous Compliance Efforts Leave Innocent Iranians Out In The Cold: Report
The biggest cryptocurrency exchange in the world, Binance (CRYPTO: BNB), has come under heavy regulatory and public attention for a number of reasons, including claims that it continued to do business with clients in Iran

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