money laundering
3 articles tagged "money laundering"
EBA Unveils New Guidelines for AML Risk Management in Crypto Services
On January 16, 2024, the European Banking Authority released guidelines aimed at addressing money laundering and terrorist financing risks associated with crypto-asset service providers (CASPs). The updated framework outlines critical risk management measures and compliance requirements for these entities and their partners.
FinCEN Proposes New Rules to Combat Cryptocurrency Money Laundering Through International Mixing Services
FinCEN has proposed new rules requiring financial institutions to report transactions involving international cryptocurrency mixing services, citing money laundering concerns. The October 2023 proposal targets mixing services used by criminal organizations while limiting requirements to institutions directly handling crypto transactions. Public comments are due by January 22, 2024.
US Treasury Targets Cryptocurrency Mixers as Major Money Laundering Threat
The US Treasury plans to classify transactions with cryptocurrency mixers as a major money laundering concern, compelling additional oversight from financial institutions.