Binance Reports 97% Decline in Sanctions Exposure Since 2024
Binance says its exposure to sanctioned entities has fallen sharply since 2024 as the exchange intensifies compliance investments and regulatory alignment efforts.
Anti-Money Laundering (AML) - Page 12
Anti-money laundering (AML) refers to laws, regulations, and procedures designed to prevent the use of financial systems for illegal activities such as money laundering and terrorist financing. In the crypto context, AML measures require exchanges and service providers to monitor transactions and report suspicious activity. These rules often include identity verification, transaction tracking, and compliance reporting. AML frameworks aim to reduce financial crime while allowing legitimate use of digital assets. Requirements vary by jurisdiction and are enforced by regulatory authorities.
Latest Anti-Money Laundering (AML) News
South Korean Regulators Face Scrutiny After Bithumb’s Massive Bitcoin Credit Error
Lawmakers in South Korea are pressuring regulators after Bithumb mistakenly credited users with 620,000 BTC, raising concerns over oversight, operational controls, and the country’s digital asset…
CFTC Asserts Federal Control Over Prediction Markets in Court Brief
The CFTC has filed a court brief claiming exclusive federal jurisdiction over prediction markets, intensifying a regulatory clash with states over event contracts and digital trading…
Polish President Vetoes MiCA Bill Again, Forcing Crypto Firms to Seek EU Licensing Abroad
Poland’s president has vetoed a second MiCA implementation bill, increasing regulatory uncertainty and pushing local crypto firms to pursue licensing in other EU jurisdictions.
Binance Rejects Iran-Linked Sanctions Breach Allegations
Binance denied allegations of Iran-linked sanctions violations and investigator dismissals, stating an internal review with external counsel found no compliance breaches.
Canada Tightens Crypto Custody Rules to Reduce Investor Losses
Canada’s investment regulator has introduced stricter, tiered custody standards for crypto assets, aiming to reduce losses from fraud, hacks, and weak governance.
South Dakota Lawmaker Revives Proposal to Allow State Bitcoin Investment
A South Dakota legislator has reintroduced a bill that would allow the state to allocate up to 10% of certain public funds to Bitcoin, reflecting a…
YZi Labs Backs BitGo IPO with Strategic Investment
Changpeng Zhao-backed YZi Labs invests in BitGo as the crypto custodian debuts on the NYSE, supporting regulated infrastructure for institutional digital assets.
Hong Kong Industry Group Pushes Back on Proposed Crypto Licensing Rules
A Hong Kong securities industry body has warned that proposed licensing changes for crypto asset management could raise compliance costs and discourage traditional fund managers from…
Coinbase CEO Engages Banks on US Crypto Market Structure Bill
Coinbase CEO Brian Armstrong plans to meet banking executives at the World Economic Forum as negotiations over the stalled US crypto market structure bill shift from…