UK Crypto Exchanges Pose Low Money Laundering Risk, Says Global Watchdog

From ATMs to cargo containers, standards make global commerce work. The same goes for crypto, which needs standards to comply with anti-money laundering rules......»»

Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday......»»

Regulators need to step up risk assessments of the cryptocurrency sector as current rules are patchy, and quick technological change may lead to gaps in policies on digital money, the global financial stability watchdog said......»»

Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June's G20 meeting......»»

Global money-laundering watchdog, the Financial Action Task Force, has said it will draw up rules for cryptocurrency regulation by next summer......»»

A Chinese financial watchdog warned investors of rising risks in crypto investments as the global stock market continues to fluctuate......»»

Hong Kong may soon bolster its policing of the cryptocurrency sector to better conform with international anti-money-laundering norms......»»

Global financial regulators risk falling behind on rapid innovation in the digital payments industry and need to work more quickly to devise rules for crypto-currencies or "stablecoins", the chair of a global finance watchdog said on Wednesday......»»

Elliptic head of policy Liat Shetret will recommend that the U.S. push for greater enforcement of anti-money laundering regulation of crypto exchanges, including for traders using privacy coins, in a Congressional hearing on human trafficking......»»

Canada has updated its anti-money laundering rules, classing crypto exchanges as MSBs and mandating financial compliance and reporting......»»

Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on Friday, the first worldwide regulatory attempt to constrain the rapidly growing sector......»»

Regtech startup Coinfirm has found that only 26 percent of crypto exchanges have a "high" level of anti-money laundering procedures......»»

CipherTrace a blockchain analytics company is partnering with the Republic of Malta s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes As.....»»

Authored by Ana Alexandre via CoinTelegraph.com, The Central Bank of Russia released a report May 30, stating that crypto assets do not currently threaten global financial stability.....»»

The price of bitcoin and most other major cryptocurrencies dropped sharply on Friday after financial regulators in Japan ordered several crypto exchanges to improve their anti-money laundering prac.....»»

Israel says it has been accepted as a member in a global money laundering and terrorism financing watchdog group......»»

Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering and protect users......»»

The European Union Commission on Tuesday proposed to put 23 non-EU countries and territories on a blacklist of those it believes to pose a high risk when it comes to money laundering or terrorist financing......»»

The trial over the money laundering allegations against cryptocurrency derivatives exchange BitMEX is scheduled to start in March 2022. read more.....»»

As part of the inquiry, the officials who probe money laundering and tax offenses have reportedly sought information from individuals with insight into Binance's business......»»