All posts tagged "virtual currency"
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426AML / KYCUS Federal Court Declares Crypto Subject to Sanctions Laws
A newly unsealed federal court opinion supports the DOJ's first criminal prosecution involving the use of crypto for sanctions evasion.
May 20, 2022 -
386AML / KYCUS Warns Against Inadvertent Hiring of DRPK IT Workers
North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
May 20, 2022 -
940ChinaShanghai Court Says Bitcoin is Protected by Law as ‘Virtual Property’
Shanghai's High Court said property rights protections apply to Bitcoin because it has a certain economic value and has the attributes of property.
May 10, 2022 -
474AML / KYCOFAC Sanctions Crypto Mixer, 49 More Wallet Addresses
Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.
May 9, 2022 -
431AML / KYCNYDFS Issues Guidance Recommending Use of Blockchain Analytics
The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.
May 6, 2022 -
322AML / KYCChinese Payments Firms Take Steps to Stop Online Fraud
Alipay removed more than 170,000 accounts linked to illegal activity, just days after the government issued guidance on combatting internet fraud.
April 26, 2022 -
556AML / KYCUS, German Authorities Target World’s Largest Darknet Market
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
April 8, 2022 -
378Asia-PacificVietnam to Develop Legal Framework for Virtual Assets
Vietnam's prime minister has asked government ministries and the central bank to develop a legal and regulatory framework for virtual assets and electronic money.
March 31, 2022 -
638AML / KYCChina Supreme Court Makes Crypto Fundraising a Criminal Offence
Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.
March 2, 2022 -
1.1KAML / KYCTaiwan Police, FIs to Establish Anti-Fraud Information Sharing Platform
The National Police Agency and financial institutions will jointly establish a new platform that will allow real-time information exchange for use in combatting fraud.
March 1, 2022
