Binance Faces DOJ Review of $4.3B Settlement Amid Iran Probe
U.S. prosecutors are reviewing Binance’s 2023 settlement compliance amid an Iran sanctions probe, but no breach finding has been announced.
Anti-Money Laundering (AML) - Page 3
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
Blockchain.com Seeks CFTC Approval for Prediction Markets
Blockchain.com has applied for US exchange and brokerage registrations to offer event contracts and crypto derivatives, expanding beyond its international integrations.
Bessent Says US May Seize $1 Billion in Iran-Linked Crypto
Scott Bessent said US authorities could seize $1 billion in Iran-linked crypto this week, without identifying the tokens, wallets or legal process involved.
ESMA Sets Three-Month Exit Deadline for Non-Compliant Stablecoins
EU crypto platforms must block new exposure to non-compliant stablecoins, with existing holdings to be resolved by January 8 under ESMA’s guidance.
Hyperliquid Labs’ Singapore Base Raises MAS Oversight Questions
Hyperliquid Labs’ Singapore base is separate from the blockchain’s regulatory status, as FT reporting examines MAS oversight and Bloomberg adds perpetual prices.
Ripple Builds Türkiye Footprint With Bank Custody and RLUSD
Ripple’s Turkish strategy combines Garanti BBVA’s crypto custody platform with RLUSD access through BiLira, Bitexen and Bitlo.
Fairshake Backs 32 House Incumbents as Crypto Bill Stalls
Fairshake’s crypto PAC network will support 19 Republicans and 13 Democrats, with at least $6 million committed to six House races as the CLARITY Act remains…
CFTC Opens Crypto Exchange Rulemaking, but Spot-Market Gap Remains
The CFTC has opened a consultation on CTX and CAM, seeking an optional federal framework for eligible crypto exchanges while leaving a broader spot-market mandate to…
US Treasury Drops FinCEN Wallet and Crypto Mixer Proposals
FinCEN is withdrawing two long-pending crypto reporting proposals, citing concerns about lawful privacy and compliance burdens while retaining illicit-finance oversight.
NYT Profile Examines CZ’s Binance Wealth, UAE Ties and Trump Pardon
A new NYT profile examines CZ’s Binance wealth and UAE ties, bringing renewed scrutiny to the $2 billion MGX investment and Trump’s pardon.