New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent position focuses on preventing financial crimes such as money laundering and fraud by ensuring compliance in the growing virtual currency sector. The role involves using blockchain analytics to monitor risks. Applications are due by Oct. 14. New…
Crypto exchange Binance has achieved a significant milestone by joining Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory achievement. This allows Binance to expand its full range of services to Argentina-based users, further embedding itself in the country’s cryptocurrency market. Binance Joins Argentina’s Crypto Registry, Strengthens Global Compliance Crypto exchange Binance announced…
FATF urges India to bolster its regulations for virtual assets amid rising risks of fraud and terrorism. Enhanced compliance measures in the metals sector are critical for effective AML efforts. A joint assessment by regional bodies, including the Financial Action Task Force (FATF), has urged India to enhance its regulation of virtual assets. The FATF’s…
India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was…
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering…
September 7, 2024 at 10:30 PM GST updated: September 7, 2024 at 09:07 PM 2 mins read News FIU-India plans to approve two offshore crypto exchanges by the end of 2025 after reviewing their compliance with AML laws. Binance faced a $2 million fine before regaining access to India’s market, highlighting the FIU’s strict enforcement…
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial…
September 5, 2024 at 09:10 AM GST updated: September 5, 2024 at 08:35 AM 2 mins read News United Texas Bank received a cease-and-desist order from the Federal Reserve over AML compliance issues related to its crypto dealings. The bank has 90 days to submit a five-part action plan to improve adherence to anti-money laundering…
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task…