Six months after U.S. financial regulators issued clarification on reporting requirements for cryptocurrency providers, the industry appears to have received the message loud and clear, with the...
The EU is set to introduce a new sanctions regime targeting perpetrators of human rights violations, after Hungarian officials agreed to drop their veto on the proposed reforms.
Canadian officials have issued a warning to financial institutions to be on the lookout for attempts to launder money using bank drafts at casinos, a vector growing in popularity after law...
U.S. federal regulators have said banks and credit unions are expected to be the main beneficiaries of proposals to relax several aspects of the country’s so-called Remittance Rule.
Estonia’s parliament is on the cusp of passing legal amendments to overhaul a light-touch cryptocurrency licensing regime that has led to 2,335 authorisations being handed out over just two years.
Unclear expectations and inconsistent supervision by U.S. regulators has had a chilling effect on banks' willingness and ability to serve money transmitter clients, a new report from a federal...
The next phase of Europe’s anti-money laundering (AML) restructuring is taking shape, after finance ministers backed proposals to establish a new pan-EU supervisory authority and shift towards...
Payment processor and identity verification provider iSignthis has sued the Australian Stock Exchange over the two-month long suspension of its shares, dramatically escalating its feud with the...
Europol has made further efforts to thwart the use of money mules by criminal enterprises, making 228 arrests in its latest spate of action against a practice relied upon by money launderers.
Anti-money laundering (AML) compliance across dozens of financial institutions in Australia has come under the microscope in the wake of the financial crime regulator’s sprawling order against...
In response to calls from the banking industry, U.S. regulators have eased reporting requirements for banks servicing client businesses involved in hemp, the low-THC strain of cannabis used for...
An Ethereum Foundation employee has been arrested by U.S. authorities for allegedly teaching attendees of a conference in North Korea how to use cryptocurrency and blockchain technology to evade...
Two investigations into possible breaches of the UK’s money laundering regulations are underway at electronic money institutions, PaymentsCompliance can reveal.
Six European countries have announced they are joining the INSTEX payments instrument facilitating trade with Iran, widening the total number of participants to nine.
German lawmakers are set to approve a new regulatory framework for crypto-asset firms, handing a boost to the nascent sector by dropping earlier plans over business segregation and capital...
Senior members of OneCoin, the alleged $4bn Ponzi scheme based on a non-existent cryptocurrency, recently obtained permission to operate virtual currency exchanges and provide digital wallets in...

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