Tag: AML
Vietnam Cracks Down on Illegal Crypto Trading With New Fines
Vietnam will fine users up to $1,900 for trading through unlicensed crypto platforms. New rules strengthen AML, KYC, licensing, and enforcement across crypto businesses. Regulated…
South Korea Tightens Crypto Travel Rule to Track Smaller Transfers
South Korea seeks Travel Rule coverage for smaller crypto transfers globally. FIU targets AML loopholes created by transaction splitting and smurfing. New rules will require…
Sri Lanka’s First Crypto Rulebook Is Finally Taking Shape
Sri Lanka is preparing a legal framework for crypto and virtual assets. The law aims to close a legal vacuum and protect citizens from scams.…
South Korea’s Forex Law Shakeup Could Reshape Crypto Trading
South Korea passed a bill bringing crypto providers under the Foreign Exchange Transactions Act. Crypto service providers must now register with the Finance Minister for…
Australia Names Crypto Biggest Risk in Money Laundering Crackdown
Australia labels crypto a top risk in the biggest money laundering crackdown ever. AUSTRAC shifts focus toward real risks, not just checking compliance boxes. New…
Taiwan FSC Drafts New AML Rules for Crypto Firms
Taiwan’s Financial Supervisory Commission (FSC) has drafted new anti-money laundering (AML) regulations for cryptocurrency firms following recent legal amendments. These regulations mandate that virtual asset…
FATF’s Proposed AML Standards Could Put an End to Bitcoin Usage by the Islamic State and Other Terrorist Groups
Recently, the Assistant US Treasury Secretary and President of the Financial Action Task Force (FATF), Marshall Billingslea, expressed his concern on behalf of the entire task…
Chinese Bitcoin Exchanges Inch Closer To Resuming Withdrawals
It appears the Chinese bitcoin exchanges still have some work cut out for them. Even though things are set in motion to resume bitcoin withdrawals…
AML Regulations for European Bitcoin Exchanges – European Commission
The European Union is at it again! The European Commission is looking forward to put an end to anonymous cryptocurrency trading activities in the region.…
