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.
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...
Consumers are hungry for reassurance as fear, uncertainty and doubt pollute the crypto landscape. At the same time, the crypto industry is equally eager to...
Chinese police have reportedly broken up a money-laundering group that used cryptocurrency. The police arrested 63 people involved in the group that laundered 12 billion...
The FCA has fined Santander over 107.7 million pounds ($132.2 million) for AML failures. In announcing the penalty, the Financial Conduct Authority (FCA) said Santander...