Crypto exchange BitMEX says it will close on September 23 and tells users to withdraw assets; Trump pardoned its founders in 2025 for not implementing AML rules
Cryptocurrency exchange BitMEX said on Thursday that it will shut down its operations, effective September 23 …
HSBC signs a Mistral deal to access Mistral's AI models and co-develop models for tasks like financial analysis, translation, onboarding clients, and AML checks
Bank will use technology for tasks, including translation and document analysis — HSBC has signed a deal …
Hong Kong's stablecoin licensing regime takes effect, requiring issuers to get approval from the Monetary Authority, comply with AML protocols, and more
Also, the British weirdness where bank notes are printed by specific banks, rather than government, really needs to end. [embedded post] Forums: r/ethtrader : Hong Kong Kicks Off Stablecoin Licensing...
Sources: Binance asked the US Treasury last month to loosen oversight on its AML compliance, after Binance entered into deal talks with Trump's crypto venture
Executives for the cryptocurrency exchange met with Treasury officials last month after the company entered into talks with a Trump family venture
Block reaches a $40M settlement with NYDFS for “critical gaps” in its anti-money laundering program, including risk-based controls and customer due diligence
- Block, Inc. had AML gaps including failing to have risk-based controls to prevent money laundering and illicit activity …
Sweden's financial regulator fines BNPL startup Klarna $50M for “significant deficiencies” that broke AML regulations from 2021 to 2022, ahead of its US IPO
Richard Milne / Financial Times :
Ex-Meta crypto chief David Marcus says there was no legal or regulatory angle for the government to kill its Libra project and “it was 100% a political kill”
For reasons you can guess at, debanking has been the topic du jour in my Twitter feed. Tyler Durden / ZeroHedge News : FinTech CEOs Expose How Feds Colluded In ‘Debanking’ Schemes After Andreessen ‘Op...
US prosecutors say crypto exchange BitMEX pled guilty to one count of violating the Bank Secrecy Act by not having an adequate AML program from 2015 to 2020
- U.S. agencies are paying attention now, and they are aggressively reviewing those early practices, as we've seen again and again recently.