AML

Latest AML news, price updates, and AI-powered insights from bpaynews.com. Stay informed on global crypto trends.

AUSTRAC Fines CryptoLink for Lapses in AML Framework Compliance

AUSTRAC Fines CryptoLink for Lapses in AML Framework Compliance

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AML framework AUSTRAC has imposed a penalty on CryptoLink for failures in its anti-money laundering (AML) framework, highlighting concerns over late reporting and compliance issues. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has called on CryptoLink to improve its compliance measures within the rapidly growing cryptocurrency ATM sector. This action reflects AUSTRAC’s commitment to […]

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Xeltox Crypto Firm Hit with Record C7M Fine by Canadian AML Regulator

Xeltox Crypto Firm Hit with Record C$177M Fine by Canadian AML Regulator

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Canadian Regulatory Body Slaps Xeltox with Record C$177M Fine for AML Violations In an unprecedented move, Xeltox, a prominent cryptocurrency firm, has been fined a massive C$177 million by Canada’s anti-money laundering (AML) authority. This record fine underscores the increasing scrutiny that crypto firms face regarding compliance with AML standards and regulations. The Violations Xeltox

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US Treasury Informed by Coinbase That Traditional AML Regulations Are…

US Treasury Informed by Coinbase That Traditional AML Regulations Are…

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Coinbase Urges US Treasury to Modernize AML Rules, Advocates for Technology-Driven Solutions to Combat Crypto Crime In an ongoing dialogue with the US Treasury, Coinbase, one of the leading cryptocurrency exchanges, has expressed concerns over the existing anti-money laundering (AML) frameworks, describing them as outdated and insufficient for tackling the complexities associated with digital currencies.

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Coinbase, Binance Among Exchanges Facing Expanded AML Checks in France

Coinbase, Binance Among Exchanges Facing Expanded AML Checks in France

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AML checks Coinbase and Binance are among the cryptocurrency exchanges targeted by the French regulator for expanded anti-money laundering (AML) checks, according to Bloomberg. This move reflects increasing scrutiny on digital asset platforms amid concerns over compliance with financial regulations. The French regulator aims to enhance oversight of cryptocurrency transactions to prevent illicit activities. As

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Notabene Launches Innovative Compliance Platform for Stablecoin Transactions

Notabene Launches Innovative Compliance Platform for Stablecoin Transactions

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In the rapidly evolving world of cryptocurrency, regulatory compliance is becoming increasingly crucial, especially for stablecoin transactions. Recognizing this need, Notabene, a leading crypto anti-money laundering (AML) firm, has unveiled its latest compliance platform designed specifically for stablecoin payments. This innovative solution aims to streamline compliance processes for businesses operating in the digital currency space,

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