In brief
AUSTRAC has directed Binance Australia to nominate external auditors within 28 days after identifying "serious concerns" with anti-money laundering controls.
The regulator flagged inadequate reviews, "high staff turnover," and insufficient…
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has ordered the local unit of crypto exchange Binance appoint an external auditor over concerns around Anti-Money Laundering (AML) and Counter-Terrorist Financing…
Australia’s financial crimes agency, AUSTRAC, has identified serious concerns about the local arm of Binance’s anti-money laundering and counter-terrorism financing (AML/CTF) controls and ordered the company to appoint an external…
The US Office of the Comptroller of the Currency (OCC) said it had issued an order terminating a consent order made against cryptocurrency custody bank Anchorage Digital in 2022.In a…
The Bank for International Settlements (BIS) has proposed a provenance-based risk score system for crypto-to-fiat off-ramps.In its Wednesday BIS Bulletin, the institution outlined “an approach to anti-money laundering compliance for…
Regulators are cracking down hard on crypto firms, and Paxos Trust is the latest to face the heat with a $48.5 million penalty. The New York State Department of Financial…
The founder of a crypto token called AML Bitcoin has been sentenced to seven years in prison after being found guilty earlier this year of wire fraud and money laundering.The…
FMAS:25 | Siju Daniel, ATFX | African Traders Shifting Beyond Forex into Equities, Crypto & Indices
FMAS:25 | Siju Daniel, ATFX |…
In brief
New Zealand is banning crypto ATMs and capping international cash transfers at $5,000.
The reforms will expand enforcement powers to enable more comprehensive financial surveillance of individuals of interest.
Industry leaders…
Global Ledger, a company that provides a crypto Anti-Money Laundering (AML) toolset, has identified over $15 million in active reserves from crypto exchange Garantex, some of which are on the…