News
Investors allege JPMorgan helped facilitate fund flows in a $328 million crypto Ponzi scheme, while a parallel federal case targets Goliath Ventures’ founder.
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AML News
Money laundering means taking certain steps to make illegal earnings look as if they were earned legally. What is AML? Anti-Money Laundering regulations generally put parameters and requirements in place in an effort to make such activities more difficult and to ward off such behaviors. In line with AML regulation compliance, companies and financial institutions must vet their customers through due-diligence procedures and prove the legal source of a customer’s assets. Such due-diligence measures include requiring money movements larger than a certain threshold to be recorded and disclosed to applicable agencies. While they are not the same as AML, KYC laws — or Known Your Customer laws — are commonly grouped together with it.
It is the responsibility of companies to notify customers about Anti-Money Laundering practices and required procedures. AML is not only considered useful in fighting money laundering itself, but it also helps prevent illegal activities by discovering the source of this money and assists by following criminals through the tracking of financial flows. AML, however, can be a strain on companies.
- News
Thai crypto operators reportedly froze 10,000 suspected “mule accounts” as new AML checks and transfer delays took effect in a wider anti-fraud push.
1519 - News
Crypto exchange Bithumb risks a partial business suspension for negligence around money laundering and customer verification practices, according to local media reports.
1832 - Opinion
The stablecoin boom risks surveillance via centralized KYC. Protocol-level ZK compliance restores privacy, slashes costs and unlocks true financial freedom.
816 - Analysis
DeFi is still out of scope for DAC8 and CARF, but AML enforcement trends suggest that may not last, according to Taxbit’s Colby Mangels.
2376 - News
The Justice Department will drop its case against Nathaniel Chastain, a former OpenSea manager who successfully appealed a wire fraud and money laundering conviction.
2527 - News
South Korea’s customs agency charged three suspects over a more than $100 million crypto-linked remittance scheme using WeChat Pay and Alipay, per Yonhap.
3453 - News
Tightening KYC regulations and growing scrutiny on the digital economy are triggering more investor demand for privacy-preserving digital assets like Monero.
5576 - News
Thailand reportedly plans tighter reporting, Travel Rule enforcement and a national data hub to track illicit flows across both traditional and digital assets.
2908 - News
Tax and other regulatory agencies in India claim that cryptocurrencies and permissionless blockchain tech undermine tax collection.
4506 - News
UK crypto businesses must secure FCA authorization well before the crypto regime starts in October 2027 or face transitional restrictions on new services.
3866 - News
Binance let a network of 13 high‑risk accounts move $1.7 billion in crypto, including $144 million, after its 2023 US plea deal, according to the Financial Times.
2319 - News
Pakistan gives a nod for crypto exchanges Binance and HTX to register local subsidiaries as regulators advance a phased crypto framework.
2382 - News
Houdini Swap launched Houdini Pay, a payment service that breaks onchain links between counterparties, offering surface-level privacy.
4983 - News
Circle is seeking to improve FX market infrastructure by offering institutions deeper global liquidity access with fewer intermediaries and reduced counterparty risk.
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