Crypto firm Xeltox fined record C$177M by Canadian AML regulator
Xeltox/Cryptomus fined C$177M for failing to report 1,000+ suspicious crypto transactions. Violations involved child abuse, fraud, ransomware, and sanctions-related transactions. Firm previously faced BC Securities Commission action over unrecognized exchange…
CrossFi successfully passes AML audit by CityLinkers
CrossFi has passed a rigorous AML audit conducted by CityLinkers The audit confirms compliance and boosts trust among potential investors CrossFi’s CEO sees the audit’s success as a result of…
Turkey rolls out new crypto AML regulations
Turkey has introduced new regulations for crypto transactions to battle money laundering and terrorism financing. New AML regulations go into effect on February 25, 2025. Turkey’s cryptocurrency regulation landscape continues…
India orders Binance to pay $2.25 million fine for AML violations
Binance faces a $2.25 million penalty reportedly imposed by India’s Financial Intelligence Unit (FIU). The penalty relates to the crypto exchange’s violation of India’s anti-money laundering (AML) regulations. India’s financial…
EU banking watchdog strengthens AML measures for crypto firms
EBA extends AML guidelines to CASPs, addressing ML/TF risks in crypto transactions. Guidelines provide risk factors and mitigating measures, urging blockchain analytics use. Interconnected financial sector necessitates guidance for institutions…
Checkout.com terminates Binance support over AML concerns: report
Credit card processor Checkout.com cuts ties with Binance over AML concerns. Binance is reportedly considering legal action, Forbes said in a report published August 18. Binance recently announced it was…