AML

Highlights: AUSTRAC launches supervision campaigns covering OTC crypto operators and local exchanges. Australia’s VASP reforms now cover custody, brokerage, and other virtual asset services. New rules move crypto oversight closer to financial services licensing and AML checks. Crypto firms in […]

Highlights: South Korea’s FIU will meet crypto exchanges to discuss controversial new anti-money laundering rules. DAXA warns the new reporting rules could increase suspicious transaction reports by 85 times. Final crypto rule changes may be confirmed around July after public […]

Highlights: Pakistan enacts a permanent legal framework to regulate cryptocurrencies and digital assets. The law requires all crypto exchanges and wallet providers to secure a formal license before operating in the country. Violators face strict penalties, including PKR 50 million […]

Highlights: India registers 49 crypto exchanges under FIU rules to monitor suspicious transactions. The FIU report shows crypto funds are used in gambling, fraud, and illegal websites. Authorities say exchanges must follow strict rules, audits, and reporting to maintain accountability. […]

Highlights: Pakistan gave early clearance to Binance and HTX to operate locally. Certificates allow both exchanges to set up branches and prepare full applications. PVARA pushes crypto as long-term infrastructure, emphasizing AML compliance and a trusted system. Pakistan signaled a […]

Highlights: FinCEN fined Paxful $3.5 million for processing $500 million in suspicious transactions. Paxful failed basic anti-money-laundering rules, ignored regulations, and removed senior staff. The company shut its marketplace two years ago due to compliance and operational challenges. The US […]

Highlights: South Korea’s FIU has cracked down on major exchanges over failure to comply with the nation’s AML regulations. FIU officials have completed inspections on the implicated exchanges and will soon meet to decide on sanctions for defaulters. Trading platforms […]

Highlights: Brazil’s central bank classifies stablecoin transactions as formal foreign-exchange operations. New regulations require crypto platforms to follow AML and consumer protection standards. The central bank caps transfers with unlicensed foreign parties at $100,000 per transaction. The Banco Central do […]

Highlights: Coinbase Europe has been fined €21.4M after technical faults delayed suspicious transaction reporting obligations. Coinbase has enhanced its monitoring systems to prevent future compliance failures. The fine followed the detection of coding errors that left €176 billion worth of […]

Highlights: French authorities are inspecting Binance and other crypto exchanges for EU compliance. The checks focus on anti-money laundering and counter-terrorism measures. Europe is strengthening crypto regulations and stablecoin rules across all member states. French authorities have been inspecting Binance […]

Highlights: New Zealand will ban crypto ATMs, cap transfers to stop illegal money from moving overseas. New rules ease AML burdens for low-risk businesses and target high-risk criminal activity. Criminals use crypto ATMs to send money for drugs and scams […]

Highlights: OKX was fined $1.2M by Malta for past anti-money laundering breaches. FIAU flagged OKX’s onboarding, monitoring, and risk assessment failures. OKX recently improved compliance and hired a new legal officer amid regulatory scrutiny. Malta’s Financial Intelligence Analysis Unit (FIAU) […]