Philippines Exits FATF Grey List: SEC Unveils Plans to Strengthen AML Compliance

The Philippines has officially exited the FATF grey list. Learn how the SEC plans to strengthen anti-money laundering (AML) compliance through Project HARBOR, expanded NPO outreach, and new crypto regulations.

View Details

Russias FATF Rating Downgraded Over Crypto Regulation Shortfalls

The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s capacity to oversee and mitigate dubious transactions within the rapidly expanding realm of digital finance. Russia’s Financial Strategy Challenged by FATF Downgrade The [...]

The post Russias FATF Rating Downgraded Over Crypto Regulation Shortfalls appeared first on Crypto Breaking News.

View Details

Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23, the United Nations body — whose role is to promote strategies to combat money laundering and terrorist financing — explained that “many” member [...]

The post Crypto travel rule implementation ‘remains relatively poor,’ says FATF appeared first on Crypto Breaking News.

View Details

Crypto Flipsider News – Bitcoin under $20k; FTT Loses 16%; ByBit Alameda Proposal; DOJ Seize $3.36B BTC; FATF Crypto Gray List

Click here to read our crypto digest.

Continue reading Crypto Flipsider News – Bitcoin under $20k; FTT Loses 16%; ByBit Alameda Proposal; DOJ Seize $3.36B BTC; FATF Crypto Gray List at DailyCoin.com.

View Details

Terrorists are funding their horrible deeds with crypto: UN officials

Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, "advanced" terror organizations are turning to cryptocurrencies.

View Details

Tether Combats Money Laundering With New Integration

View Details

Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban

In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers about potential “risks that may arise” with dealing with crypto assets [...]

The post Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban appeared first on Crypto Breaking News.

View Details