Virtual Currencies
As part of an AML crackdown, Estonia’s action apparently is shuttering about 30% of the country’s crypto businesses. The head of their FIU says this is a “pre-emotive strike” against the industry, and that the goal is to tamp down money laundering risk in the industry through tighter regulation. Curiously, […]
17 Apr 2020 Suspected fraudulent website : http://clippercoin.com/#/programIndex The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong to a suspected fraudulent website with the domain name http://clippercoin.com/#/programIndex. The website is operated by an alleged Clipper/Clipper Crypto Bank. The public should be aware that […]
JUSTICE NEWS Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, March 2, 2020 Two Chinese Nationals Charged with Laundering Over $100 Million in Cryptocurrency From Exchange Hack Forfeiture Complaint Details Over $250 Million Stolen by North Korean Actors Two Chinese nationals were charged with laundering over $100 […]
FINANCIAL INTELLIGENCE UNITS MEET TO DISCUSS GLOBAL ISSUES SURROUNDING VIRTUAL ASSETS PARIS – On February 16, 2020, fifty senior officials and experts of Financial Intelligence Units (FIUs) from FATF countries and the Egmont Group1 Secretariat met in Paris to discuss the international ramifications of virtual assets from FIUs’ perspectives. Ms. […]
16 December 2019 The Chief Executive All Authorized Institutions Dear Sir/Madam, Managing ML/TF risks associated with virtual assets (VAs) and virtual asset service providers (VASPs) I am writing to provide guidance to Authorized Institutions (AIs) in relation to recent updates by the Financial Action Task Force (FATF) to its Recommendation […]
Businesses dealing in virtual currencies can register with FINTRAC in advance of June 1, 2020 The Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations were amended in June 2019 to cover businesses that deal in virtual currencies. To deal in virtual currencies means to provide virtual currency exchange services […]
New rules for virtual currency and fiat currency exchange providers as well as virtual wallet providers. Pr. January 10, 2020, everyone must be registered with the Danish Financial Supervisory Authority in accordance with the Money Laundering Act. You can already submit your application to the Danish Financial Supervisory Authority. You can […]
Leaders of CFTC, FinCEN, and SEC Issue Joint Statement on Activities Involving Digital Assets October 11, 2019 Washington, DC – The leaders of the U.S. Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the U.S. Securities and Exchange Commission (the “Agencies”) today issued the following joint statement to […]
FINMA publishes ‘stable coin’ guidelines The Swiss Financial Market Supervisory Authority FINMA today publishes a supplement to its ICO guidelines outlining how it treats so-called ‘stable coins’ under Swiss supervisory law. FINMA has seen a steady increase in the number of ‘stable coin’ projects since 2018. In this context, FINMA […]
Outcomes FATF Plenary, 16-21 June 2019 Send Print Tweet Orlando, 21 June 2019 – FATF President Marshall Billingslea of the United States, chaired the third and last Plenary meeting under the U.S. Presidency in Orlando on 19-21 June 2019. During this Plenary, delegates celebrated the 30th Anniversary of the FATF. In recent […]
