Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,403,738,990,227.88
  • 24h Vol: $55,630,174,149.64
  • BTC Dominance: 56.54%

illicit financing

us-treasury-report-warns-of-defi’s-threat-to-national-security,-authors-conclude-fiat-is-used-in-illicit-finance-more-than-crypto

US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

Leave a Comment / alphanumeric characters, AML/CFT, Bitcoin, conclusion, Crypto Hacked, Cryptocurrency, cybercriminals, decentralized finance, DeFi, Ethereum, federal oversight, fiat currency, financial intelligence, Gaps, illicit financing, illicit proceeds, industry solutions, layering, Money Laundering, nation-state adversaries, National Security, onchain surveillance, Oversight, personally identifying information, policymakers, proliferation financing, ransomware attackers, recommended actions, Regulation, report, risks, scammers, terrorist financing, Thieves, Traditional Finance, US Treasury, VASPs, virtual assets, vulnerabilities / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. […]

US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto Read More »

coinbase-agrees-to-$100-million-settlement-with-new-york-financial-regulator-for-anti-money-laundering-violations

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

Leave a Comment / $50 million fine, 100 million, 2018, 2020, 2021, Adrienne Harris, AML, AML background checks, anti-money laundering, anti-money-laundering controls, banks, Bitcoin, COIN, Coinbase, Compliance, compliance problems, consent order, crypto companies, crypto exchange, Crypto Hacked, Cryptocurrency, custodial firm, enhanced due diligence, Ethereum, financial regulator, illicit financing, inadequate, independent examiner, Investigation, Know-Your-Customer, KYC guidelines, Nasdaq: COIN, New York regulator, News, NYDFS, Settlement, Stock, transaction monitoring / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were inadequate from 2020 through 2021.

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations Read More »