The Abu Dhabi Financial Services Regulatory Authority (FSRA) has imposed a hefty $12.45 million penalty on cryptocurrency trading company Hayvn Group, following an investigation into their inadequate anti-money […]
Hayvn Faces $12.45 Million Fine from Abu Dhabi Authority: What It Means for Crypto Markets
The Abu Dhabi Global Market (ADGM) has imposed a significant financial penalty of $12.45 million on Hayvn and its former CEO, Christopher Flinos, for regulatory violations in the […]
Monerium Integrates Elliptic for Enhanced AML Compliance in Cross-Chain Stablecoin Ecosystem
Stablecoin issuer Monerium has expanded its compliance measures by partnering with blockchain analytics firm Elliptic to enhance real-time monitoring and anti-money laundering screening. This integration will enable Monerium […]
Block Lands $40 Million Settlement with NYDFS Over AML Concerns
Blockchain’s parent company, Block, has reached a $40 million settlement with the New York Department of Financial Services (NYDFS) to address alleged Anti-Money Laundering (AML) compliance failures. The […]
Navigating Crypto Compliance: Why It’s Crucial Now More Than Ever
In a rapidly evolving regulatory landscape, crypto compliance is no longer optional. With intensifying scrutiny from bodies like the FATF, SEC, and IRS, crypto projects and users alike […]
VBA Partners with ACAMS to Enhance AML Training in Vietnam
The Vietnam Blockchain Association (VBA) has announced a strategic partnership with the Association of Certified Anti-Money Laundering Specialists (ACAMS), marking a significant milestone for anti-money laundering (AML) training […]
Malta Fines OKX $1.2 Million for AML Violations
Malta’s Financial Intelligence Analysis Unit (FIAU) has imposed a hefty $1.2 million fine on OKX, the world’s leading cryptocurrency exchange, for AML non-compliance violations. This action follows an […]
OKX Faces $1.2M Fine Over AML Failures Despite MiCA Licensing
Cryptocurrency exchange OKX has been hit with a €1.1 million fine by Malta’s Financial Intelligence Analysis Unit (FIAU), marking another regulatory blow for the firm despite obtaining licenses […]
IOTA Foundation Calls for Proportionate AML/CFT Compliance as FATF Issues Proposed Revisions
The IOTA Foundation has responded to the Financial Action Task Force (FATF) concerning their proposed amendments to anti-money laundering and combating financing of terrorism (AML/CFT) standards. The foundation […]
South Korea Approves Foreign Crypto Investments, with AML Emphasis
South Korea is taking a significant step towards opening its doors to foreign crypto investments. Following a year-long focus on strengthening its regulatory framework for the digital asset […]
South Korea To Open Crypto Market to International Investors: Focus on AML
South Korea aims to expand its cryptocurrency market to international investors, a move that hinges on new anti-money laundering (AML) regulations. The country’s financial regulatory body is exploring […]
AUSTRAC Tightens Crypto ATM Rules in Australia, Warning of Penalties
Australia’s crypto ATM landscape is facing increased scrutiny as the Australian Transaction Reports and Analysis Centre (AUSTRAC) launches a crackdown on non-compliant operators. A surge in crypto ATM […]
Block Inc. Negotiates AML Settlement With New York Regulators
Jack Dorsey’s Block Inc. is in talks with the New York State Department of Financial Services to resolve compliance issues related to anti-money laundering (AML) and its Bitcoin […]
OKX Pays $500 Million+ Over Unlicensed US Business, Facing Regulatory Fallout
Cryptocurrency exchange OKX has reached a settlement of over $500 million to address charges from the U.S. Department of Justice (DOJ) for operating an unlicensed money transmitting business […]