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 […]
Hong Kong Launches Committee to Strengthen Anti-Money Laundering Measures in Digital Assets
Hong Kong has established the Digital Asset Anti-Money Laundering Professional Committee (DAAMC) to enhance anti-money laundering and counter-terrorism financing (AML/CFT) standards within the digital asset industry. The committee, […]
Rumored VARA Fine Impacts Fuze, Potential Implications for Crypto Market
Rumors suggest Dubai’s Virtual Assets Regulatory Authority (VARA) fined crypto firm Fuze for AML compliance failures. However, no official confirmation exists from either the company or the government. […]
U.S. Treasury Calls for Public Input on Digital Identity in DeFi
The U.S. Treasury is seeking public feedback as it embarks on a consultation under the GENIUS Act to explore incorporating digital identity verification tools into smart contracts within […]
BIS Proposes AML Risk Scores for Crypto Conversion: A New Anti-Money Laundering Strategy
The Bank for International Settlements (BIS) has proposed a new measure to combat illicit finance in the cryptocurrency sector. The proposal recommends assigning anti-money laundering (AML) risk scores […]
BIS Proposes New AML Compliance System for Cryptocurrencies
The Bank for International Settlements (BIS), a leading international financial institution, has unveiled a proposal aimed at enhancing anti-money laundering efforts in the cryptocurrency market. The BIS aims […]
BIS Launches New Scorecard: Assessing Crypto’s AML Compliance
The Bank for International Settlements (BIS) has released a new global scorecard evaluating cryptocurrency platforms’ compliance with anti-money laundering (AML) regulations. This report highlights the effectiveness of crypto […]