New EU rules to combat money-laundering adopted
WebApr 24, 2024 · New rules and a new watchdog will help the EU in its fight against dirty money flows. © vladstar / Adobe Stock. The European Parliament has adopted a package of laws strengthening the EU’s toolkit to fight money-laundering and terrorist financing.
Japan to enforce crypto anti-money laundering steps from June
WebMay 23, 2023 | KYODO NEWS. Japan's Cabinet decides to enforce stricter anti-money laundering measures from June 1 to trace cryptocurrency asset transactions, bringing its legal framework in line with global standards.
Japan to Implement FATF's Crypto Anti-Money Laundering ...
WebMay 24, 2023 · Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report. Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to...
Gresham's Law: Definition, Effects, and Examples - Investopedia
WebJun 30, 2023 · Gresham's law is a monetary principle stating that "bad money drives out good." In currency valuation , Gresham's Law was originally based on the observation that if a new coin ("bad money") is ...
Singapore focuses on money laundering laws, denies China ...
WebOct 3, 2023 · Singapore focuses on money laundering laws, denies China pressure. Case involving Chinese suspects with $2bn illicit gains spurs regulatory review. The Monetary Authority of Singapore will look...
Model Money Transmission Modernization Act: 12 States ...
WebCooley alert. September 12, 2023. Since the beginning of 2023, 12 states – Arkansas, Georgia, Hawaii, Indiana, Iowa, Minnesota, Nevada, New Hampshire, North Dakota, South Dakota, Tennessee and Texas – have passed legislation based, to varying degrees, on the Model Money Transmission Modernization Act (Model Act) developed by the ...
Japan to Enforce Tougher Crypto Anti-Money Laundering ...
WebMay 24, 2023 · Amitoj Singh. Updated Wed, May 24, 2023, 6:50 AM 1 min read. Japan is set to implement stricter anti-money laundering measures, including the so-called "travel rule" of the Financial Action Task...
China to revise anti-money laundering law amid crackdown on ...
WebApr 28, 2024 · Joyce ZK Lim. Correspondent. Updated. Apr 28, 2024, 11:12 PM. BEIJING – Sweeping revisions to China’s law against money laundering are in the works, as the world’s second-largest economy steps...
Japan to implement anti-money laundering rules for crypto
WebMay 24, 2023 · Japan will introduce the “travel rule” laid out by the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog. The rule refers to guidelines to deter any terrorist financing or money laundering activities through transfer of digital assets.
Crypto Exchanger Pleads Guilty to Unlicensed Money ...
WebJan 23, 2024 · Bloomberg Law Automation. Raul Rodriguez, a Miami-based digital currency exchanger, has pleaded guilty to operating an unlicensed money transmitting business, according to the Justice Department Tuesday. From 2016 through 2022, Rodriguez exchanged at least $5,047,462 in digital currency on the LocalBitcoins.com platform, said …
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