28 articles tagged with #aml. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
The DOJ is investigating Binance over transactions linked to Iran-backed networks exceeding $1 billion, with allegations that Iran used the exchange to evade sanctions. Binance denies knowingly transacting with sanctioned entities and claims it has frozen hundreds of millions in illicit funds while cooperating with regulators.
TRM Labs and Zepz have partnered to enhance stablecoin compliance for cross-border remittances, with Zepz transferring over $17 billion in 2025 through their Solana-based Sendwave Wallet. The partnership enables USDC transactions across 100+ countries while providing AML and sanctions risk compliance frameworks for migrant workers' remittance needs.
South Korea's financial authorities fined major cryptocurrency exchange Bithumb $24 million and imposed a 6-month partial suspension for money laundering violations. The penalties stem from approximately 6.65 million violations related to Know Your Customer (KYC) procedures and transaction restrictions.
The Financial Action Task Force (FATF) has shifted its stablecoin regulatory focus from traditional on/off-ramp monitoring to tracking peer-to-peer transactions across personal wallets. Under the new guidelines, stablecoin issuers are now expected to freeze illicit assets directly on-chain, expanding oversight into secondary market activities.
FATF is shifting stablecoin regulation focus to secondary market monitoring, as stablecoins now account for 84% of illicit crypto transactions. New compliance requirements will extend beyond traditional on/off-ramp monitoring to include P2P transactions through personal wallets, with issuers required to freeze illicit assets based on on-chain data.
Binance is facing a lawsuit against the Wall Street Journal amid reports that the U.S. Department of Justice is investigating the exchange for Iran-related transactions. This adds regulatory pressure to Binance, which is already operating under a compliance monitor following a $4.3 billion settlement for anti-money laundering and sanctions violations in 2023.
The Bank of International Settlements (BIS) has issued a paper warning that self-custodied cryptocurrency wallets could become a major anti-money laundering enforcement gap. The concern is that as regulators tighten rules on traditional payment systems, illicit financial flows will shift to user-controlled crypto wallets rather than disappear entirely.
South Korean cryptocurrency exchange Bithumb is facing 'heavy disciplinary action' from financial regulators for violating anti-money laundering (AML) protocols. The regulatory enforcement highlights ongoing compliance challenges for crypto exchanges in South Korea.
Thai cryptocurrency platforms froze approximately 10,000 suspected 'mule accounts' as part of new anti-money laundering (AML) measures and fraud prevention efforts. The crackdown includes enhanced AML checks and transfer delays as regulators tighten oversight of crypto operations.
South Korea's major cryptocurrency exchange Bithumb faces a six-month partial suspension due to anti-money laundering (AML) compliance failures. This regulatory action reflects the growing scrutiny on crypto exchanges and could set new compliance standards across the industry.
A U.S. federal court dismissed a lawsuit against Binance accusing the exchange of facilitating terrorism financing for 64 attacks between 2016-2024. The court ruled that plaintiffs failed to prove Binance knowingly assisted specific attacks or that crypto flows directly enabled the terrorist operations in question.
A federal judge in Manhattan dismissed a civil lawsuit that accused Binance and founder Changpeng Zhao (CZ) of facilitating terrorist financing globally. This ruling represents a significant legal victory for the world's largest cryptocurrency exchange amid ongoing scrutiny of its anti-money laundering and counter-terrorism financing practices.
Pakistan's parliament has passed the Virtual Assets Act of 2026, which legally establishes regulatory oversight for the country's cryptocurrency industry. The legislation includes provisions for sanctions compliance and anti-money laundering regulations, marking a significant step toward formal crypto regulation in Pakistan.
Coinbase CEO Brian Armstrong and other executives are facing a shareholder lawsuit over alleged failures in corporate disclosures and compliance. The lawsuit focuses on three main areas: inadequate bankruptcy risk disclosures for customer custody, potential listing of securities tokens, and deficiencies in the company's anti-money laundering program.
The Financial Action Task Force (FATF) has identified peer-to-peer stablecoin transfers as a top money laundering risk. FATF is recommending that stablecoin issuers embed freeze and deny-list controls directly into smart contracts to address these compliance concerns.
The Financial Action Task Force (FATF) has identified anti-money laundering (AML) risks associated with peer-to-peer stablecoin transfers. The organization suggests implementing freeze and deny-list controls as potential safeguards to mitigate these regulatory concerns.
The Financial Action Task Force (FATF) warns that stablecoins are increasingly being used to evade international sanctions through peer-to-peer transfers via self-custody wallets. The international watchdog highlights that these transactions can bypass anti-money laundering checks and calls on countries to assess risks and implement appropriate safeguards.
Nine U.S. Senate Democrats have requested Treasury and DOJ investigations into Binance's anti-money laundering and illicit finance controls. The request follows reports suggesting potential funding channels to terrorist organizations through the global cryptocurrency exchange.
A US Senator has launched a probe into Binance regarding alleged ties to terrorist groups involving $1.7 billion. This investigation adds to the regulatory scrutiny facing the world's largest cryptocurrency exchange.
The article discusses OFAC's expansion of sanctions to include cryptocurrency addresses, starting with the SamSam ransomware case in 2018 where Bitcoin addresses were added to the SDN list. It covers how bad actors have turned to cryptocurrency believing it provides anonymity, prompting OFAC to adapt its sanctioning approach to include crypto wallets and services.
A former OECD official warns that Europe's current regulatory gap regarding DeFi taxation under DAC8 and CARF frameworks is temporary. Increasing AML enforcement trends suggest regulators will eventually extend tax reporting requirements to decentralized finance protocols.
The article argues that blockchain technology's inherent transparency makes it more effective at tracking illicit financial flows compared to traditional fiat systems. It advocates for industry-wide information sharing and unified anti-money laundering (AML) regulations to combat financial crimes without restricting individual financial freedom.
The US Department of Justice has indicted NoOnes founder Ray Youssef over allegations that his former peer-to-peer crypto marketplace Paxful operated without proper licensing and failed to implement effective anti-money laundering controls. The indictment comes shortly after Paxful pleaded guilty to money laundering charges, with prosecutors claiming the platform facilitated transactions linked to unlawful activities.
Japanese regulators are seeking assistance from private sector technology companies to combat the increasing use of cryptocurrency in money laundering activities. This represents a shift toward public-private partnerships in addressing crypto-related financial crimes in Japan.
Researchers have developed an agentic LLM framework using Retrieval-Augmented Generation to automate adverse media screening for anti-money laundering compliance in financial institutions. The system addresses high false-positive rates in traditional keyword-based approaches by implementing multi-step web searches and computing Adverse Media Index scores to distinguish between high-risk and low-risk individuals.
