#aml
10 articles found
Latest
EU Tightens Cryptocurrency Regulations
Starting December 30, 2024, European virtual asset service providers (VASPs)—including crypto exchanges, trading platforms, and centralized wallets—must comply with the Travel Rule. This regulation is aimed at bolstering anti-money laundering (AML) and counter-terrorism financing (CTF) measures.
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. 
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. New US Senate Bill Eyes Strict AML Rules for DeFi
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. 
1 - 10 of 10 results