CFT
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US regulators recraft AML rules to promote risk-based assessments
FinCEN also seeks to oversee more of the AML/CFT supervision process by requiring US banking regulators to consult with it before undertaking certain supervisory or enforcement actions.
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EBA and AMLA complete transition of powers in anti-money-laundering supervision
AMLA becomes a central authority for enforcing EU’s AML/CFT framework.
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FINTRAC fines Global Currency Exchange over C$70k
The latest in the Canadian financial regulator’s string of AML/CFT enforcement actions.
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Crypto wrap: CZ pardon speculation, Coinbase $25m fine, US-UK stablecoin collaboration
Our roundup of key crypto regulation stories.
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Switzerland seeks to balance stablecoin regulation with growth
The country has a strong history of stable and secure traditional banking; now, it wants to take that reputation into new tech and decentralized finance.
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Canada’s Minister Champagne announces new Financial Crimes Agency
New body and anti-fraud strategy will target “organized criminal activity and online financial scams, and recovering illicit proceeds.”
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FinCEN proposes two-year delay for investment adviser AML rule
The Department of the Treasury regulator cites potential cost savings and lack of industry readiness as it looks to rework the rule.
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FinCEN highlights need to modernize AML to reflect new threats
New rulemaking is being developed to apply Bank Secrecy Act standards to stablecoin issuers and digital asset platforms.