Anti-Money Laundering

FATF President T. Raja Kumar addressing a press conference in Paris, France, in October 2022. (Amitoj Singh/CoinDesk)
Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief
The finding, termed a "call to action" by T. Raja Kumar, emerged from a report that explored which jurisdictions have adhered to the FATF's recommendations.
FATF President T. Raja Kumar addressing a press conference in Paris, France, in October 2022. (Amitoj Singh/CoinDesk)

Bipartisan Senate Bill Wants DeFi to Impose Bank-Like Controls on User Base
Bipartisan Senate Bill Wants DeFi to Impose Bank-Like Controls on User Base
Some U.S. Senators are introducing a new bipartisan bill that would place stringent anti-money laundering (AML) requirements on decentralized finance protocols. The bill was i...
Bipartisan Senate Bill Wants DeFi to Impose Bank-Like Controls on User Base

Succumb to the temptation of Apple's 4.15% APR ... and you may find yourself cast out of the Garden. (Detail of Michaelangelo's Sistine Chapel, 1509)
Apple and Goldman Sachs Don’t Trust Their New Banking Customers
“Security reviews” are locking up Apple Savings accounts for weeks on end, as a blunt-force anti-money laundering system turns customers into suspects.
Succumb to the temptation of Apple's 4.15% APR ... and you may find yourself cast out of the Garden. (Detail of Michaelangelo's Sistine Chapel, 1509)

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Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report
Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.
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Sen. Warren’s Bill Signals Crypto Is Headed for a Clash With National Security Interests
The misguided Digital Asset Money Laundering Act sponsored by Senators Elizabeth Warren and Roger Marshall may soon be dead on arrival, but the crypto community should not ign...
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Private, but innocent. (Getty)
Privacy Project Railgun DAO Adopts Chainway’s ‘Proof of Innocence’ Tool
Railgun DAO’s new functionality – initially developed by the developer Chainway for use on Tornado Cash – could allow users to mathematically demonstrate that coins involved i...
Private, but innocent. (Getty)

Matis Mäeker has said the new law will professionalize the crypto sector. (Estonian FIU)
Estonia’s Registered Crypto Firms Drop 80% as Tough New Checks Reveal 'Suspicious' Behavior
Regulators in the tech-friendly nation say they’ll now return to business-as-usual monitoring after money laundering fears led it to take a tough line.
Matis Mäeker has said the new law will professionalize the crypto sector. (Estonian FIU)

A bill to combat crypto money laundering has been proposed in the U.S. Senate. (Shutterstock)
First Mover Americas: Crypto Money-Laundering Bill on the Table
The latest price moves in crypto markets in context for Dec. 15, 2022.
A bill to combat crypto money laundering has been proposed in the U.S. Senate. (Shutterstock)

Hong Kong (Chester Ho/Unsplash)
Hong Kong Amends Finance Law to Incorporate Crypto Firms
Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June 2023.
Hong Kong (Chester Ho/Unsplash)

The White House South Lawn, Washington, D.C. (Joe Daniel Price/Getty Images)
White House Convenes Summit for Stopping the Spread of Ransomware
Among other moves, President Biden’s office plans to share information with partners about crypto wallets used for laundering extorted funds.
The White House South Lawn, Washington, D.C. (Joe Daniel Price/Getty Images)