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FINTRAC fines Cryptomus a record C$177m for AML/ATF violations
The agency’s director and CEO, Sarah Paquet, described the penalty as an “unprecedented enforcement action.”
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FCA to supervise financial services firms for AML/CTF compliance
Proponents of the announcement believe it will help prevent money laundering; critics argue the FCA may not have the capacity to do a supervisory job.
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Some corporate finance firms could be violating AML rules, FCA survey reveals
The FCA has published the findings of its latest survey on how corporate finance firms are monitoring and reporting financial crime risks.
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Podcast: Martin Woods’ true stories on financial crime, fraud and integrity
Not a man to shy away from conflict. Martin Woods has embraced confrontation to help the fight against financial crime.
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OPINION: Starving Ecuador’s gangs of their cashflow
The war against Ecuador’s criminal gangs has focused on traditional approaches, featuring troops in the streets. But with the gangs turning to cryptocurrencies, it may be time for security to move from the streets to the spreadsheets.
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Canada seizes $56m in crypto from TradeOgre exchange
The seizure underscores the risks of using unregulated exchanges and why KYC compliance is an essential component of managing such platforms.
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New York describes benefits of blockchain analytics for banks
NYDFS guidance directs banks to use blockchain analytics tools to mitigate money laundering and sanctions evasion risk if they’re conducting cryptocurrency-related transactions.
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HM Treasury consultation on changes to UK Money Laundering Regulations
The draft SI proposes changing the registration and change in control thresholds for cryptoasset businesses to align with FSMA.