Cash App’s Block Inc Settles for $40 Million Over AML Failures For Crypto Platform
Block, Inc., the company behind Cash App, has reached a $40 million settlement with the New York Department…
Browsing Tag
AML Regulations
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OKX Faces $1.2M Fine in Malta Amid Thai SEC Lawsuit
In the latest development, Malta’s financial watchdog has imposed a penalty of $1.2 million on OKX, a prominent…
South Korea To Open Crypto Market To Foreigners with AML Conditions
As South Korean crypto market sets its sights on global prominence, the country’s financial watchdog is considering broadening…
Singapore Crypto Ban: Casinos Block Crypto Use Amid Money Laundering Fears
Singapore crypto ban has been implemented in the recent changes to the Casino Control Act. The new Act…
US Federal Reserve Drops Enforcement Action Against Silvergate Bank
The United States Federal Reserve has announced the termination of its enforcement action against Silvergate Bank alongside its…
UK Law Commission sees no need for DAO-specific legal entity
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and…
Taiwan Forms Official Crypto Association To Regulate Crypto Sector
Taiwan has officially established a cryptocurrency industry association under government guidance. This marks a proactive stance to regulate…
Taiwan proposes tougher AML measures for crypto service providers
Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan…
Alexander Vinnik Pleads Guilty in $9 Billion Crypto Laundering Case
A Russian national, Alexander Vinnik, has pleaded guilty in a money laundering conspiracy that used the cryptocurrency exchange…
Breaking: EU Parliament Passes AML Regulation
The European Parliament has passed a new rule to combat the violation of Anti-money Laundering (AML) regulations and…