AML

Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
Report: EU May Ban Privacy Coins
Report: EU May Ban Privacy Coins
November 15, 2022  |  Cryptocurrency

A leaked draft of an EU anti-money laundering (AML) bill suggests the organization could prohibit regulated financial institutions from dealing in privacy-enhancing cryptocurrencies such as...

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Lagarde: ‘Low-Value, Low-Risk’ Digital Euro Payments Could Be Anonymous
Lagarde: ‘Low-Value, Low-Risk’ Digital Euro Payments Could Be Anonymous
November 14, 2022  |  CBDC

In a video address as part of a high-level conference on the digital euro earlier this month, the president of the European Central Bank (ECB),...

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Real-Time Reporting at the Forefront of KYC Innovation
Real-Time Reporting at the Forefront of KYC Innovation
November 14, 2022  |  emea

For any online business onboarding new customers, juggling the ever-growing stack of authentication tools required to remain compliant with the relevant know your customer (KYC)...

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Cracks Appear in Regulation as EU Delays MiCA
Cracks Appear in Regulation as EU Delays MiCA
November 10, 2022  |  Cryptocurrency

What a difference a week makes. It was only on Nov. 2 that Coindesk exposed the ties between FTX and Alameda Research, the crypto exchange...

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Crypto Compliance Can Be Easier Than Regulatory Clarity
Crypto Compliance Can Be Easier Than Regulatory Clarity
November 10, 2022  |  Regulation

When it comes to selling compliance services in the blockchain business, the two most difficult tasks are educating clients from financial institutions about what it...

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Privacy-Enhancing Technologies Promote Greater EU Inter-Bank Collaboration in Fighting Fraud
Privacy-Enhancing Technologies Promote Greater EU Inter-Bank Collaboration in Fighting Fraud
November 03, 2022  |  Fraud Prevention

Banks are not the police. And yet, for many crimes, financial institutions (FIs) are often on the front lines when it comes to preventing and...

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Swiss Financial Regulator to Cap Anonymous Crypto Transactions at $1,000 a Month
Swiss Financial Regulator to Cap Anonymous Crypto Transactions at $1,000 a Month
November 02, 2022  |  Cryptocurrency

The Swiss Financial Market Supervisory Authority (FINMA) is extending the scope of its anti-money laundering (AML) ordinance to cover cryptocurrency assets. The adjusted regulations, which...

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Korean Regulators to Probe Stablecoin, Money Laundering Link
Korean Regulators to Probe Stablecoin, Money Laundering Link
October 24, 2022  |  AML

In a bid to stop money launderers, South Korea’s Financial Services Commission (FSC) is planning a probe into the amount of stablecoins being used on...

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Credit Suisse Settles French Tax Case for $235M
Credit Suisse Settles French Tax Case for $235M
October 24, 2022  |  AML

Credit Suisse will pay 238 million euros ($235 million) to settle a tax fraud and money laundering case in France. The agreement, announced by a...

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