AML

Australian Man Arrested for Unregistered Crypto Transactions

Australian law enforcement arrested an unnamed 38-year-old Australian man for performing unregistered cryptocurrency transactions.  The police department of Victoria announced…

CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance

For better or for worse, the cryptocurrency space is coming of age. Since Bitcoin’s rise to mainstream prominence in 2015,…

Official: Binance Chain and BNB Will Be Traceable via CipherTrace

American blockchain security firm CipherTrace will provide Anti-Money Laundering (AML) controls for Binance Chain and its native asset Binance Coin…

Calibra Head David Marcus Touts Libra’s Money Laundering Standards

Calibra CEO David Marcus recently claimed that the Anti-Money Laundering (AML) standards of Libra — Facebook’s proposed stablecoin project —…

Crypto and Blockchain News From German-Speaking World: Oct. 20-26

The German-speaking world has seen an array of crypto and blockchain-related developments over the past week, with the Federal Ministry…

Thailand Pushes Permissive Regulations as First Legal ICO Is Launched

After initially seeking to ban Bitcoin in 2013, Thailand has since developed a permissive regulatory apparatus for digital currencies and…

FATF’s Regulations to Push Criminals to Privacy Coins: CipherTrace CEO

Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins,…

Germany Warns of Privacy Token Usage in Money Laundering and Terrorism

The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with…

Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted

Kathryn Haun — a general partner at Andreesen Horowitz and the Justice Department's prosecutor for the infamous Silk Road case…

Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’

Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively…

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