Latest News and Articles about Anti-Money Laundering
FinCEN Slaps Paxful with $3.5M Fine for $500M in Illicit Crypto Trades
FinCEN Hammers Paxful with $3.5M Fine Over $500M in Illicit Crypto Trades The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has slapped a $3.5 million penalty on Paxful, a peer-to-peer cryptocurrency marketplace, for deliberately enabling over $500 million in suspicious transactions linked to criminal activities and sanctioned regions like Iran, North Korea, and Venezuela. This […]
Read MoreAndrew Cuomo Advised OKX During FBI Probe; Exchange Settles $505M for AML Violations
Andrew Cuomo’s Ties to Crypto Giant OKX Revealed Amid $500M U.S. Settlement and FBI Probe Former New York Governor Andrew Cuomo, now a mayoral candidate, was a paid adviser to OKX, a major cryptocurrency exchange, during an FBI investigation into the platform’s anti-money laundering violations. This revelation comes as OKX settles with U.S. authorities for […]
Read MoreBotswana’s Central Bank Pushes for Crypto Regulations to Address Future Economic Risks
Botswana’s Central Bank Advocates for Crypto Regulations: Preparing for Future Risks Botswana’s central bank is calling for the establishment of cryptocurrency regulations, citing potential risks from the rapidly increasing integration of global crypto markets with traditional financial systems. Although the threat to Botswana’s financial stability is currently minimal, the interconnectedness with global systems raises significant […]
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