KYC, Bitcoin, and the failed hopes of AML policies: Tracking funds on-chain
The cornerstone of the modern approach to money laundering is to prevent illicit funds from entering the financial system. The...
AML
KYC, Bitcoin, and the failed hopes of AML policies: Preserving individual freedom
For the past decade, the abbreviations AML and KYC have become an inextricable part of our lives. To help law...
Money Laundering Through Cryptocurrencies Fell Substantially in 2023, Fiat Off-Ramping ‘Important in AML,’ Says Chainalysis – BitKE
In 2023, illicit addresses sent $22.2 billion worth of cryptocurrency to services, which is a significant decrease from the...
1inch Screens Millions of Wallets for AML Risks to Strengthen Security
... DeFi network and liquidity aggregator. Over 11 million customers and $400 billion in trade activity make 1inch a leading...
Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules – CoinDesk
NFTs, DeFi and outlawing privacy tools might be out, but for crypto firms, requirements for customer checks might be more...
EU Tightens Regulations Regarding Crypto Transactions, Citing AML Concerns
The EU Parliament and Council recently reached a provisional agreement on a list of anti-money laundering and anti-terrorist financing laws....
EU comes to provisional agreement to expand AML to crypto
The European Parliament and Council reached a provisional agreement to apply anti-money laundering and counter-terrorist financing laws to crypto entities,...
Crypto Firms Faced Nearly $6B in Fines in 2023 for AML Violations
Crypto firms faced substantial regulatory action, collectively paying nearly $6 billion in fines primarily due to Anti-Money Laundering (AML) violations...
Senator Warren Receives More Support For AML Crypto Bill
Five more United States Senators have backed Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act to curb crypto’s illicit finance...
US gov't removes two crypto AML rules from national defense bill – Cointelegraph
The crypto-related amendments included elements from the Digital Asset Anti-Money Laundering Act, introduced in 2022, and the Responsible Financial ... Source...
