The Central Bank of Ireland has levied a €21.46 million fine on Coinbase Europe, citing shortcomings in its anti-money-laundering (AML) and transaction monitoring processes.
Coinbase Europe Faces €21.5 Million Fine for Anti-Money Laundering Violations
Coinbase Europe has been slapped with a significant fine of €21.5 million by the Central Bank of Ireland. This penalty, the largest AML violation against a crypto firm […]
Coinbase Europe Pays €21 Million Fine to Irish Central Bank for AML Failures
Coinbase Europe has reached a settlement agreement with the Central Bank of Ireland, resolving regulatory issues stemming from coding errors in transaction monitoring systems between 2021 and 2025. […]
Coinbase Europe Pays €21.5M Fine for AML Coding Errors
Coinbase Europe Limited (CBEL) has settled a €21.5 million fine with the Central Bank of Ireland (CBI) regarding coding errors in its anti-money laundering (AML) transaction monitoring system. […]
Coinbase Faces €21.5 Million Fine for AML Lapses
Coinbase has been fined €21.5 million by the Central Bank of Ireland (CBI) after a technical error in its transaction monitoring system left thousands of transactions unscrutinised between […]
Coinbase Europe Suffers Major Fine Over AML Violations, Largest in Crypto History
The Central Bank of Ireland (CBI) has levied a record-breaking €21 million penalty on Coinbase Europe Limited (CBEL), the company’s Dublin branch. The fine stems from years of […]
Binance CEO Zhao Pleads Guilty, Facing $4.3B Penalty
Changpeng Zhao, former CEO of Binance, has pleaded guilty to violating U.S. AML laws, facing a potential $4.3 billion penalty. This marks the first time a major crypto […]
Australia Fines Cryptolink $37,000 for AML Violations
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has imposed a significant penalty of AUD 56,340 ($37,000) on Cryptolink, an Australian crypto ATM operator, for failing to comply […]
BitGo CEO Defends Changpeng Zhao Amidst Money Laundering Claims
Binance founder Changpeng Zhao is facing accusations of money laundering, prompting a defense from BitGo CEO Mike Belshe. Senator Elizabeth Warren has alleged that Zhao’s pardon by President […]
Canada Imposes $126 Million Fine for Crypto Firm Regulatory Violations
FINTRAC, Canada’s anti-money laundering regulator, has levied a record fine of $126.14 million against Xeltox Enterprises Limited. This hefty penalty stems from the company’s failure to submit suspicious […]
Canada Fines Xeltox $176.9 Million for Crypto AML Violations
Canadian authorities have imposed a historic C$176.9 million fine on Xeltox Enterprises Ltd., operator of Cryptomus, for failing to comply with anti-money laundering (AML) regulations in its cryptocurrency […]
FINTRAC Fines Xeltox Enterprises C$176.9 Million for AML Violations
Xeltox Enterprises Ltd. has been fined a record-breaking C$176.9 million by Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) for failing to report suspicious activities. The penalty reflects […]
Canada Imposes Record Fine of C$176.9 Million on Xeltox for Crypto AML Violations
Xeltox Enterprises Ltd., operator of Cryptomus, has been fined a record C$176.9 million by Canada’s financial watchdog Fintrac for violating anti-money laundering (AML) regulations. This hefty penalty signals […]
Congress Aims to Modernize Bank Secrecy Act Reporting Thresholds
A group of US senators, led by Senator Tim Scott (R-SC), have introduced legislation to update the Bank Secrecy Act, a foundational law for anti-money laundering (AML) in […]
Coinbase Urges US for Modern Crypto Regulation, Calls for AI-Enhanced AML Tools
Coinbase CEO Paul Grewal advocates for updates to the Bank Secrecy Act and digital ID rules, emphasizing the need for robust financial crime detection tools. He calls on […]