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.
Bulgarian police have reportedly raided cryptocurrency lender Nexo in a money laundering and tax probe. Authorities are looking into Nexo on suspicion of money laundering,...
The FCA has fined Al Rayan and Guaranty Trust banks over anti-money laundering (AML) failures. In the first penalty, announced by the U.K.’s Financial Conduct Authority on...
Recent regulatory action against U.S.-based Coinbase underscores that crypto is reaching a post-FTX inflection point. The pressure is on for the business-as-usual attitude to button...
Nigeria will ban cash withdrawals from government accounts from March 1. Modibbo Tukur, the chief executive of the Nigerian Financial Intelligence Unit (NFIU) said the...
Italy’s 26% crypto tax shines a light on different global approaches to crypto taxation. When crypto assets first exploded onto the world stage, governments scrambled...
People who still prefer to pay in cash are often overlooked in today’s digital world. But Europe seems to be bucking that trend and in...
A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank...
The leader of German’s anti-money laundering office has reportedly resigned. Christof Schulte, who had overseen Germany’s Financial Intelligence Unit (FIU) since 2018, stepped down Thursday...
Crypto exchange FTX has been criminally charged with being shot through with fraud from inception. The news, revealed in a federal indictment unsealed Tuesday morning...