Counter Terrorism Financing News

Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the upcoming House Financial Services Committee hearing.

Elliptic, the firm which The Wall Street Journal sourced the data from, said it was pleased to see the news outlet acknowledge its mistakes.

The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.

The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine.

The crypto Travel Rule, which came into effect on Sept. 1, aims to stop money laundering and terrorist financing activities carried out on-chain.

The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.

Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.

The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants.

A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

Cash and hawala remain the “predominant methods of terror financing,” according to a UN official. However, “advanced” terror organizations are turning to cryptocurrencies.

National security experts have raised the alarm bells over the IS-NEWS #01 NFT, which is being seen as the first case of an NFT created and shared by a “terrorist sympathizer.”

The Israeli government has confiscated 30 crypto wallets from a small exchange based in Gaza, where the Hamas militant group has bolstered its military.

MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law.

Crypto industry leaders need to self-regulate before public officials decide to take on the task themselves.

The decentralized, disintermediated and borderless blockchain networks challenge regulators, but DeFi is the future of finance.