Anti-Money Laundering

Chainalysis said better enforcement of AML/KYC rules and more informed regulation around the crypto space can help mitigate the number of scams and illicit activities conducted using cryptocurrencies in its new crime report. (Image via CoinDesk archives)Chainalysis

Fireblocks Adds Crypto-Tracing Tool to Guard Against Money Laundering

Sebastian SinclairJun 16, 2020

Fireblocks has teamed up with Chainalysis to help flag high-risk transactions passing through its platform.

https://www.shutterstock.com/image-illustration/binance-coin-symbol-3d-illustration-gold-1039450870?src=pCO2UTDcR5ZFJDDfLxv5aQ-1-12Regulation

Binance Korea Deploys Anti-Money Laundering Tool from Regtech Company Coinfirm

Sebastian SinclairJun 3, 2020

Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules.

49557419872_9621b8af94_kRegulation

FATF Meets Wednesday to Discuss ‘Travel Rule’ for Digital Assets

Ian AllisonJun 24, 2020

The Financial Action Task Force holds its summer plenary meeting Wednesday. Here's what to expect with the anti-money laundering watchdog discussing crypto.

Anti-Money Laundering

The Netherlands’ AMLD5 Interpretation Appears to Be Killing Crypto Firms

William FoxleyApr 27, 2020

The announced closure of one-man bitcoin startup Bittr may be the first of many in the Netherlands as contentious new AMLD5 regulations come into effect.

G-20

G-20 Urges Countries to Adopt Tough FATF Rules on Cryptocurrencies

Paddy BakerFeb 24, 2020

FATF's guidance compels crypto exchanges to share user data with one another.

Anti-Money Laundering

Regulation

European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect

Ian Allison

A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry.

http://www.metmuseum.org/art/collection/search/381354 Artist: Engraved by Johann Justin Preissler, German, 1698?1771, Artist: After Edme Bouchardon, French, Chaumont 1698?1762 Paris, Europe, 1730?71, Engraving, Sheet (trimmed): 10 5/8 ? 12 1/16 in. (27 ? 30.7 cm). The Metropolitan Museum of Art, New York. Harris Brisbane Dick Fund, 1953 (53.600.2407)
Crime

Beyond KYC: Regulators Set to Adopt Tough New Rules for Crypto Exchanges

Marc HochsteinNikhilesh DeAnna Baydakova

Exchanges will likely have to collect information about their clients' crypto transactions under new global standards expected in June.

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Crime

Customer ID Now Required for Crypto Exchange Purchases in Malaysia

Wolfie Zhao

Malaysia's central bank is now requiring domestic crypto exchanges to comply with anti-money laundering and know-your-customer mandates.

malaysia-central-bank-2
Derivatives

Austria Planning New Regulations for Cryptocurrency, ICOs

Annaliese Milano

Austria is drawing up cryptocurrency regulations, using as a model existing rules for the trading of gold and derivatives.

https://www.shutterstock.com/image-photo/austrian-parliament-vienna-seat-government-144053608