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.
As it will be remembered, the bank appealed the judicial…
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money laundering
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…
Venezuela applies new regulatory norms for cryptocurrencies
The National Superintendency of Cryptocurrencies and Related Activities of Venezuela (Sunacrip) has implemented new measures within the regulatory margin that allow to maintain transparency and good use in the management of cryptocurrencies…
Bitcoin and other critpos suffer sharp decline
The cryptocurrency bitcoin suffered a significant drop in the market this week, when it went from trading at $ 59,000 to $ 51,000 in less than an hour.
But this was not the only case, since other assets such as dogecoin and ethereum also…
ECB rates bitcoin as a speculative asset
In an online event, the president of the European Central Bank, Christine Lagarde, reported that bitcoin has a high level of speculation and needs to be regulated.
At the Reuters Next conference, Lagarde reported that the popular…
Authorities arrest more than 400 people for money laundering
Some 422 people were arrested by police authorities from 26 countries, mainly European, during an international operation against money laundering, which allowed the identification of more than 4,000 "mules" of money and 227 recruiters, the…
Spain presents draft law to regulate crypto sector
The Ministry of Economic Affairs and Digital Transformation of Spain has requested a public consultation in order to approve a Draft Law for the prevention of money laundering and terrorist financing and thus offer more security to…
Binance Korea to integrate solution to prevent money laundering
Binance Korea has announced that it will launch real-time AML monitoring, aiming to track the activity on its platform looking for signs of money laundering thanks to a solution developed by Coinfirm.
According to the Cointelegraph source,…