#aml
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France expands AML inspections for Binance and crypto exchanges
France’s financial regulator has widened its anti-money laundering (AML) inspections on crypto exchanges as part of efforts to identify which firms will qualify for European Union-wide licenses under the bloc’s new regulatory framework. AML: Stopping Money Laundering in Its Tracks
The term "Anti-Money Laundering" (AML) originated almost a century ago during the Prohibition era in the United States. It referred to illegal efforts to legitimize funds obtained through organized crime—essentially turning "dirty" money into "clean" money. 
EBA warns of AML risks from crypto firms in MiCA transition
The European Banking Authority (EBA) warned on October 9 that crypto-asset service providers operating under transitional arrangements pose money-laundering and terrorist-financing risks as the EU phases in its Markets in Crypto-Assets regime. 
The U.S. Senate is considering a new bill aimed at imposing strict anti-money laundering (AML) rules on decentralized finance (DeFi) protocols.
The Crypto-Asset National Security Enhancement Act of 2023 targets entities controlling DeFi protocols or providing their applications. It requires customer vetting, AML programs, and reports of suspicious activities.
In absence of a controlling entity, anyone investing over $25 million in a protocol's development would be responsible. 
Robinhood Receives a Hefty Fine, Fails to Meet BSA/AML Standards
Robinhood, the American financial services company headquartered in Menlo Park, California, has been subject to an investigation by the Department of Financial Services (DFS) in New York State. The agency found that its crypto division violated rules in numerous areas. 1 - 12 of 12 results