Tag: Anti-money laundering
U.S. House Passes Crypto Illicit Finance Bill: Senate Rebuff Expected
The U.S. House of Representatives has passed a bill focused on investigating the illicit use of cryptocurrency in activities such as terrorism and money laundering. The bill, sponsored by Rep. Zach Nunn, aims to...
SEC Sues Silvergate Bank for Misleading Statements on AML Program
The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Silvergate Capital Corporation, the parent company of Silvergate Bank, for allegedly not meeting Bank Secrecy Act/anti-money laundering regulations. The SEC also named...
Coinbase UK Fined $4.5 Million for Customer Breaches – CoinJournal
Coinbase UK, a subsidiary of the Coinbase Group, has been fined £3.5 million ($4.5 million) by the Financial Conduct Authority (FCA) for repeatedly breaching anti-money laundering regulations. This marks the first time the FCA...
Chainalysis Introduces Asset Seizure Certification for Crypto Crime
Chainalysis Redefines Crypto Crime Response with Asset Seizure CertificationIn a bid to equip law enforcement officials with the necessary skills to combat cryptocurrency-related financial crimes effectively, Chainalysis has introduced the Asset Seizure Certification (CASC)...
