Crypto community members will likely be familiar with mantras such as “Don’t trust, verify!” or the “law of code.” Both refer to the promises of greater …
Researchers question what ‘trustless’ actually means for blockchain Read More »
The ease of laundering money in the U.S. before 1970 boggles the mind. Prior to the Bank Secrecy Act (BSA) of that year, there were …
How US authorities are using old AML tools to crack down on crypto Read More »
The United States faces a growing threat of transnational cybercrime, particularly against its financial system. In what may be the largest prosecution of its kind …
Cybercrime task force monitoring the global digital financial system Read More »
The Financial Crimes Enforcement Network (FinCEN) and Federal Reserve are looking to get more information on smaller transactions than ever before. According to a notice of proposed …
US AML watchdog wants info on all international crypto transactions over $250 Read More »
Per guidance released Wednesday evening, the Commodity Futures Trading Commission (CFTC) is advising businesses trading in crypto derivatives to hold customer funds very carefully. The new guidance …
US crypto derivatives merchants need to leave customer funds alone, says CFTC Read More »
On Wednesday, the U.S. Securities and Exchange Commission announced the end of its lawsuit against Kik Interactive. The Canadian messenger app fell afoul of the …
The NAC Foundation has accused the United States Securities and Exchange Commission of misconduct in an ongoing case. According to court documents Oct. 20, Rowland …
Abramoff-linked crypto firm says SEC has no case against it Read More »
The founder and operator of some of the first “mixing” services in crypto will have to cough up $60 million to U.S. regulators, even as …
US financial watchdog fines early Bitcoin mixer $60M for money laundering Read More »
Switzerland’s Federal Department of Finance has initiated a consultation process for a blanket ordinance in the blockchain and distributed ledger technology space. The consultation will …
Swiss gov’t starts consultation process for blockchain laws Read More »
In January 2020, the European Union released its Fifth Anti-Money Laundering Directive to increase transparency while tackling fraud, money laundering and cybercrimes. The 5AMLD extended …
Understanding the EU’s 6AMLD and the risk to your business Read More »
