anti-money laundering (AML)

According to reports, Lookonchain monitoring showed that a new address received 951 BTCs (valued at approximately $27 million) from Binance on March 28th and today. The average rec

According to reports, the Federal Deposit Insurance Corporation (FDIC) of the United States has requested cryptocurrency customers of Signature Bank to withdraw funds before next w

It is reported that the Indian Law Enforcement Agency is investigating several cases of cryptocurrency money laundering, and has so far confiscated US $115 million of cryptocurrency in such crimes. Last week, the Ministry of Finance of India said in a notice that the anti-money laundering legislation has been applied to cryptocurrency transactions, custody and related financial services, and companies operating in the encryption field will need to implement customer verification procedures. The Indian Law Enforcement Bureau has seized more than US $115 million of cryptocurrency in money laundering cases Analysis based on this information:The Indian Law Enforcement Agency has been actively investigating cases of cryptocurrency money laundering and has seized over $115 million worth of cryptocurrency involved in such crimes. This comes as a notice from the Ministry of Finance of India last week that states the application of anti-money laundering legislation to cryptocurrency transactions, custody, and related financial services. Additionally, companies operating in the encryption field are required…

On March 2, the Financial Intelligence Unit (FIU) under the Korea Financial Services Commission (KFSC) will start on-site inspection of the GDAC of the country…