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 measures to ensure that any real estate transaction must be…
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money laundering
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…
Swiss Bank UBS sanctioned for tax evasion
A Court of Appeal in Paris sentenced the Swiss banking group UBS for carrying out illegal practices on money laundering and imposed a fine of 1.8 billion euros. However, this amount is lower than that established by another court in 2019.…
Central Bank of China proposes to regulate the metaverse
Non-fungible tokens (NFTs) and the metaverse should be regulated to avoid the risks associated with money laundering or other illicit activities. Gou Wenjun, director of the Anti-Money Laundering (AML) unit of the People's Bank of China…
Banck of Spain publishes registration requirements for cryptocurrency providers
The main Bank of Spain published on its official website the forms and requirements that must be met by new providers, individuals and legal entities who wish to offer cryptocurrency services for their registration in accordance with the…
Brazil approves sanctions for money laundering with digital assets
The Special Commission of the Chamber of Deputies of Brazil approved the latest regulatory changes that are part of bill 2303/15 that provides for a strengthening of criminal measures for those who commit financial crimes using…
UK seizes $ 160 million in cryptocurrency
The police in London, United Kingdom, reported this Friday on the largest cryptocurrency seizure in the history of that country, valued at 160 million dollars.
Police forces agents were conducting a money laundering investigation, which…
More than 1,000 people arrested in China for cryptocurrency fraud
China's Ministry of Public Security detained more than 1,000 people in an operation against a network accused of "fraudulent activities" related to cryptocurrencies. The arrests were made in Beijing, the neighboring Hebei region, the Shanxi…