AML

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Between 2022 and 2023, crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by th...

By Camomile Shumba

May 1, 2024 at 10:49 a.m. UTC

May 1, 2024

RegulationsCryptoUKAMLFCA

European Parliament (Frederic Köberl/ Unsplash)

Policy

Regulations

EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto

The new laws set up "enhanced" due diligence and customer checks for crypto firms.

By Sandali Handagama

Apr 26, 2024 at 10:44 a.m. UTC

Apr 26, 2024

RegulationsEUEuropean ParliamentAML

Crypto.com has registered as a crypto provider with the central bank in the Netherlands (crypto.com)

Policy

Regulations

Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe

The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.

By Sandali Handagama

Apr 23, 2024 at 1:01 p.m. UTC

Apr 23, 2024

RegulationsCrypto.comAMLSouth Korea

Finance

Doj

Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges

The exchange was charged under the Bank Secrecy Act.

By Nikhilesh De Oliver Knight

Mar 26, 2024 at 3:11 p.m. UTC

Mar 26, 2024

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(Kelly Sikkema/Unsplash, modified by CoinDesk)

Consensus Magazine

Opinion

It’s Time to Scrap AML/KYC Entirely

Bitcoin OG Bruce Fenton argues that know-your-customer and anti-money laundering requirements are deeply flawed and ineffectual.

By Bruce Fenton

Feb 27, 2024 at 7:47 p.m. UTC

Feb 27, 2024

OpinionAMLKYCBruce FentonRegulations

Policy

Regulations

Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto

The Anti-Money Laundering Authority is part of a broader effort by the European Union to combat illicit fund flows, and is ready to begin work as early as Friday, officials sa...

By Sandali Handagama

Feb 22, 2024 at 7:58 p.m. UTC

Feb 22, 2024

RegulationsEUAMLCrypto

Web3

Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout

The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors

By Jamie Crawley

Jan 25, 2024 at 1:00 p.m. UTC

Jan 25, 2024

Web3appAMLFunding RoundsExclusive

Policy

Regulations

Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules

NFTs, DeFi and outlawing privacy tools might be out, but for crypto firms, requirements for customer checks might be more stringent than for banks, policy watchers told CoinDe...

By Sandali Handagama

Jan 19, 2024 at 9:00 a.m. UTC

Jan 19, 2024

RegulationsEUMiCAAMLEU Parliament

The EU has passed new crypto laws (Pixabay)

Policy

Regulations

EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering

Crypto firms have to do checks on transactions of 1,000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.

By Sandali Handagama

Jan 18, 2024 at 2:31 a.m. UTC

Jan 18, 2024

RegulationsEUAMLEU Parliament