BIS Bulletin Proposes Revamping Crypto AML Measures With Compliance Scores
The paper, issued by BIS economists, proposes using blockchain as a transaction history to overcome the limitations faced…
Browsing Tag
Anti-Money Laundering (AML)
6 posts
Paxos Agrees to $48.5 Million Settlement Over AML Deficiencies Linked to Binance Partnership
The New York State Department of Financial Services (DFS) has reached a $48.5 million settlement with Paxos Trust…
OKX Pleads Guilty and Shells Out $500M After Violating Anti-Money Laundering Laws
“OKX was used to facilitate over five billion dollars’ worth of suspicious transactions and criminal proceeds,” said Acting…
Bybit Addresses AML Concerns After India Block
Cryptocurrency exchange Bybit said on Feb. 6 that it has successfully registered with the Indian Financial Intelligence Unit,…
Traditional Banking Sector Helped to Fuel Misconceptions About Regulators’ Stance on Crypto, Says Karim Chaib
Although many global regulators are commonly perceived to be against offering regulation that is supportive of crypto, Karim…
China’s AML Legal Framework Set to Target Cryptocurrency Transactions in Major Update
As part of its ongoing efforts to modernize financial regulations, China is revising its Anti-Money Laundering laws to…