A Guide to Anti-Money Laundering for Crypto Firms

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The Australian Transaction Reports and Analysis Centre (AUSTRAC) is urging the financial sector to take a risk-based, case by case approach to managing anti-money laundering/counter-terrorism financing (AML/CFT) concerns, as it issues new guidance around the “complex global problem” of de-banking. “Businesses vulnerable […]

A long-awaited report from the President’s Working Group on Financial Markets (PWG) was released this week, urging Congress to swiftly address concerns about the regulation of stablecoins. The PWG also outlines what a legislative framework for stablecoins could look like based on […]

The Financial Action Task Force (FATF) has updated its guidance for the virtual asset (VA) industry following a public consultation. The 111-page 2021 Guidance for a Risk-Based Approach to Virtual Assets and VASPs (virtual asset service providers) has been much-anticipated by regulatory […]

The Financial Action Task Force (FATF) concluded its latest Plenary on October 21st, publishing key updates for compliance teams on cross-border payments, proposed changes to Recommendation 24, and a revised list of jurisdictions under increased monitoring. “There is still a […]

The UK government has announced new sanctions against Myanmar tycoon U Tay Za and the Htoo Group of Companies, for their close ties to the country’s military junta and for providing arms and financial support to the military. The move comes after […]

Austria, one of Europe’s major financial hubs, is aiming to turn the page on a series of money laundering scandals that have rocked the country’s banking sector.  Peter Weinzierl, the former CEO of Bank Meinl, a leading Austrian bank, was […]

Ahead of the G7 meeting on August 24th, it was widely reported in the media that the United Kingdom (UK) would push world leaders to consider new sanctions against the Taliban-led regime in Afghanistan.  Multiple diplomatic sources noted that the […]

Right-wing extremists (RWE) in Australia are raising money through platforms including YouTube, PayPal, and Buy Me a Coffee, a funding platform for creators. A report by the Australian Strategic Policy Institute (ASPI) found that nine channels on Telegram, an instant […]

The Biden administration has continued to expand the United States (US) Magnitsky sanctions program, targeting human rights abuses and corruption in Russia, Eritrea, and Paraguay. These latest announcements from the Treasury’s Office of Foreign Assets Control (OFAC) reflect a growing […]

BitMEX exchange has agreed to a $100 million settlement with the US Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The fine was imposed after the exchange failed to carry out sufficient checks on its customers. […]