The Risk Alert seemed to take particular aim at broker-dealers, who have been “inadequate” in their AML compliance.
Category: AML
Exchanges warn that Hong Kong’s crypto retail trader ban could backfire
Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong.
Merging traditional finance and DeFi is critical for mass adoption
If we want to achieve mainstream adoption, we must move toward an industry where DeFi can also serve legacy financial institutions.
Merging traditional finance and DeFi is critical for mass adoption
If we want to achieve mainstream adoption, we must move toward an industry where DeFi can also serve legacy financial institutions.
Philippines’ central bank to license crypto trading and custody firms
The Bangko Sentral ng Pilipinas has expanded its regulatory remit of the crypto space to include all cryptocurrency financial service providers.
The United States updates its crypto AML/CFT laws
The U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space?
How to regulate exchanges: Learn crypto from Biden’s SEC chair pick, part 2/3
The SEC’s incoming chair predicted the crackdown on crypto exchanges over AML concerns back in 2018. See what other insight he had.
How compliance software detects fraud and money laundering involving crypto
As the crypto markets mature and institutional money flows into the space, technology to detect fraud and money laundering involving digital assets is more important than ever.
BitMex turns to Chainalysis to solve legal woes, or at least soften the CFTC’s blow
If you can’t beat ’em, join ’em? BitMex onboards more aggressive Chainalysis measures in advance of a response to the CFTC.
SEC vs. Ripple: A predictable but undesirable development
Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space.