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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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…
Pakistan supreme court orders to regulate cryptocurrencies
The Sindh High Court, SHC, asked the government to draw up guidelines that allow the regulation of cryptocurrencies. The decision was made during a petition to challenge the decree, issued in 2018, on the prohibition of cryptocurrencies in…
EU proposes to ban anonymous crypto wallets
Officials of the European Commission recently released a new bill proposing stricter standards for digital currency transactions and wallets, which shows a tightening of regulations for the cryptocurrency sector.
The central objective of…
Binance banned from continuing operations in the UK
The Financial Conduct Authority (FCA), the UK's financial watchdog, has ordered Binance to cease all its regulated activities in the country for operating without authorization.
This is one of the most important actions that any global…
Germany starts one of the largest cyber-attack trials
One of Germany's largest cybercrime trials began today in the city of Trier in relation to a cyber bunker allegedly operated by eight people in the municipality of Traben-Trarbach, in the center-east of the country.
The prosecution accuses…
India and Brazil strengthen cooperation ties in biofuels
Last Saturday, India and Brazil agreed to strengthen ties of union and operability in order to boost trade and bilateral investment in various fields, such as defense, mining, biofuels, cybersecurity, food, environment and health.
The…
The FBI says cryptocurrencies are a problem
The Director of the Federal Bureau of Investigation (FBI), Chistopher Wray said that cryptocurrencies are considered "an important problem."
"For us, cryptocurrencies are already an important problem and we can project quite easily that it…
Binance seeks to improve anti-money laundering measures
The association between the exchange Binance and the English startup of blockchain analysis Elliptic seeks to improve measures in terms of money laundering.
For several months now, the company created by Changpeng Zhao has been committed…
IMF says the blockchain increases the risk of money laundering
The International Monetary Fund (IMF) assured this week that the growth of blockchain technology in the region of Malta represents an obvious risk in money laundering and terrorist financing issues.
This was determined by a commission of…
Banks are more vulnerable to money laundering cases
The Financial Informatics Unit (FIU) prepared a report stating that banks are usually more vulnerable to money laundering and terrorist financing than cryptocurrencies.
An investigation into financial institutions, made by the division of…
FATF will launch new regulations for cryptocurrencies
The Financial Action Task Force against Money Laundering (FATF) announced that they are working on new regulations for cryptocurrencies, which will be available next year.
The anti-money laundering company explained that it is necessary…