The Federal Reserve of the United States (Fed) has fined the Deutsche Bank group, its division in New York and other subsidiaries in the country with 186.4 million dollars (166.7 million euros) after concluding that the German entity did not apply sufficient measures to prevent money laundering nor…
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money laundering
Google Cloud revolutionizes the fight against money laundering with its new service
Google Cloud recently launched its "Anti Money Laundering AI" (AMLAI) service after a successful trial with HSBC, the London-based financial services group.
AMLAI uses machine learning to create risk profiles, monitor transactions, and…
Japan begins enforcement of anti-money laundering regulations in June
Japan will apply stricter measures from June 1 on cryptocurrency transactions in order to combat money laundering in these operations.
This was announced in a report by the Japanese Parliament, which seeks to apply a strong hand to crimes…
Europe limits anonymous cryptocurrency transactions to 1,000 euros
The European Union approved establishing a cap of 1,000 euros on anonymous cryptocurrency transactions with the aim of stopping crimes such as money laundering and financing terrorist acts.
In this sense, "entities, such as banks, asset…
South Korea to launch Virtual Currency Tracking System
This year South Korea will implement the Virtual Currency Monitoring System, according to an announcement by the Ministry of Justice of the Asian country, which will have as its main objective to reduce crimes related to the crypto market,…
United States authorities want to control NFTs to prevent electronic fraud
Amid the indictment of a former OpenSea employee for alleged insider trading, US authorities are seeking ways to establish controls over NFTs. For this, they want to classify them as values.
Recently, during a presentation before the court…
UAE wants to prevent crypto money laundering
The United Arab Emirates, in step with its plans to become a cryptocurrency and technology hub, will begin requiring real estate agents to issue warnings regarding money laundering to authorities.
The government is seeking to take drastic…
EU agrees to strengthen control of cryptocurrencies
The negotiators of the European Parliament and the Council reached an agreement to strengthen control and transparency over cryptocurrency operations to prevent anonymous transfers and other measures that facilitate their traceability to…
Central Bank of Morocco works on cryptocurrency framework law
Abdellatif Jouahri, governor of the central bank of Morocco, stated that a committee is working to establish an appropriate framework law to regulate cryptocurrencies that allows combining innovation, technology and consumer protection.…
UK seizes NFT associated with a tax fraud
For the first time, the United Kingdom managed to seize three files in NFT format, related to a case of tax fraud that used these assets to inflate their value and hide money from the tax authorities.
TheUK seizes NFT associated with a tax…
US Treasury publishes study on NFTs
The US Department of the Treasury recently published an investigation highlighting the potential of non-fungible tokens (NFTs) for illicit money laundering and terrorist financing operations, among others.
The research, called "Study on…
Dismantled in Seville group of traffickers who laundered profits with cryptocurrencies
Agents of the National Police, in a joint operation with the Civil Guard, have arrested in Seville seven residents accused of belonging to a criminal group of drug traffickers who laundered their profits through cryptocurrencies.
As…