In response to U.S. Treasury sanctions against the Cambodian conglomerate Huione Group, which allegedly laundered billions through digital assets, OKX has implemented stricter anti-money laundering (AML) controls for […]
OKX Tightens AML Controls Following Huione Group Sanctions
OKX has implemented stricter anti-money laundering (AML) controls on all activities linked to the Huione Group following sanctions from both the US and UK authorities. These actions are […]
OKX Tightens AML Controls Following Huione Group Sanctions
In light of sanctions imposed by the U.S., UK, and DOJ on the Huione Group, OKX has implemented stricter anti-money laundering (AML) controls. The SDN designation, prohibiting financial […]
Russia Tightens Crypto Scrutiny: Impact on Market Dynamics & Compliance
The Russian Central Bank is taking a more assertive stance on cryptocurrency regulations, aiming to strengthen AML protocols and improve transparency in digital financial activities. This initiative has […]
UK Tightens Crypto Rules: Balancing Security and Competitiveness
The UK government has proposed stricter regulations for crypto firms, seeking to combat illicit finance while also protecting industry growth. The changes target money laundering (AML) and terrorist […]
OKX Faces $2.6 Million Penalty from Dutch National Bank for Unlicensed Operations
The Dutch National Bank (DNB) has issued a $2.6 million penalty to cryptocurrency exchange OKX for operating in the Netherlands without proper registration. The fine, effective from July […]
Treasury’s DeFi ID Plan Sparks Debate on Privacy vs. Compliance
The US Treasury is exploring how to integrate identity verification directly into decentralized finance (DeFi) protocols, a move that raises concerns about the future of open finance and […]
AUSTRAC Requires Binance Australia to Undergo Independent Audit for AML Compliance
Australia’s financial intelligence agency, AUSTRAC, has ordered Binance Australia, the local arm of the world’s largest cryptocurrency exchange, to undergo an independent audit. This action stems from concerns […]
Binance Faces Scrutiny in Australia as AML Audit Ordered
Crypto exchange Binance finds itself under intense pressure from Australian regulators. The country’s financial watchdog, AUSTRAC, has ordered the exchange to conduct an independent audit of its anti-money […]
Binance Australia Faces Scrutiny Over AML Compliance Gaps
Binance Australia is facing scrutiny from AUSTRAC, the financial crimes regulator, for gaps in its anti-money laundering (AML) and counter-terrorism financing (CTF) controls. The agency has ordered Binance […]
Binance Ordered to Audit AML Controls in Australia
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has mandated an external audit of Binance’s Australian operations. The decision stems from serious concerns about the crypto exchange’s Anti-Money […]
Binance Australia Faces Compliance Scrutiny: External Audit Mandated by AUSTRAC
Australia’s financial regulator, AUSTRAC, has ordered Binance Australia to appoint an external auditor within 28 days. This directive stems from serious concerns regarding the exchange’s compliance with anti-money […]
Binance Australia Under Scrutiny for AML Concerns
Australia’s financial watchdog, AUSTRAC, has ordered Binance Australia to undergo an audit of its platform amid concerns about anti-money laundering and counter-terrorism financing (AML/CTF) violations. The regulator cited […]
BIS Proposes AML Scores for Crypto Wallets: What Does This Mean?
The Bank for International Settlements (BIS) has proposed a new system for rating the AML compliance of non-custodial crypto wallets, potentially affecting how transactions between blockchain networks and […]
Hong Kong Launches Committee to Strengthen Anti-Money Laundering Standards for Virtual Assets
Hong Kong has established the Hong Kong Digital Asset Anti-Money Laundering Professional Committee (DAAMC) in collaboration with the Hong Kong Virtual Asset Industry Association. This non-profit organization brings […]