A Guide to Anti-Money Laundering for Crypto Firms

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The Japanese government has announced plans to introduce new rules to mitigate money laundering through crypto. Expected to take effect in May 2023, the regulations will provide Japanese authorities with additional monitoring capabilities to track virtual currency transfers. Japan’s Act […]

Oliver Furniss, Chief Product Officer  To keep our customers up to date with product updates, we’ll be posting a regular update every quarter or more frequently for specific bigger updates. Here’s an overview of the improvements we’ve released recently. If […]

As part of an ongoing effort to promote regulatory collaboration, the Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) have entered into a FinTech Co-operation Agreement (CA). Announced on September 18, 2022, the partnership builds […]

On September 13, 2022, the Central Bank of Ireland fined Danske Bank €1.82m for transaction monitoring failures in its anti-money laundering (AML) and terrorist financing systems. Pursuant to the Central Bank’s administrative sanctions procedure, Danske Bank was reprimanded by the […]

Over EUR 4 million in cash has been seized from an extensive criminal network providing illicit financial services in a joint operation between the Spanish Civil Guard (Guardia Civil) and the German Criminal Bureau (Landeskriminalamt) of Hamburg. The disrupted organized […]

On September 6, 2022, acting Comptroller of the Currency Michael J. Hsu warned that bank-FinTech partnerships and their foray into the world of payments and lending could lead to increased risk for the banking industry.  At the Clearing House and […]