CFTC orders UBS Financial Services to pay $8M for AML failures
UBS's penalty underscores the critical need for robust compliance systems, setting a precedent for crypto firms under CFTC scrutin...
Crypto Briefing
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Compliance & Sanctions
Sanctions, AML, transaction monitoring, financial crime, law enforcement, and compliance operations.
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Iran-Linked Dubai Exchange Sent Binance $676 Million, Reuters Investigation Finds
An unlicensed crypto exchange run out of a Dubai office above a budget hotel has processed at least $4 billion since May 2024 as t...
Unchained
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US Sanctions Iranian Firms Behind Bitcoin-Paid Strait of Hormuz Insurance
The U.S. Treasury sanctioned two Iranian companies on July 29 over an operation that charged commercial ships to cross the Strait...
Unchained
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Russian law enforcement raids crypto exchanges in Moscow over $2M theft
The raids highlight Russia's tightening crypto regulations, potentially reshaping the market and setting enforcement precedents fo...
Crypto Briefing
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Coldcard’s $89M wallet bug triggers the biggest Bitcoin movement since FTX and completely distorts market signals
Coldcard’s wallet crisis has shaken Bitcoin sentiment, blurred on-chain signals and exposed a recurring weakness in AI-assisted cy...
CryptoSlate
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Iran-linked exchange sent $676M to Binance in sanctions-evasion scheme: Reuters
The alleged sanctions-evasion scheme complicates U.S.-Iran nuclear talks, potentially reducing the likelihood of reaching a deal....
Crypto Briefing
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Iran-linked exchange sent $676 million to Binance in alleged sanctions-evasion operation: Reuters
Dubai-based Shelbit processed over $4 billion since May 2024 through a network tied to Iranian gambling sites, the central bank, a...
The Block
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Binance linked to Iranian money-moving operation tied to illegal gambling and sanctions evasion
The incident underscores the vulnerabilities in global crypto regulations, highlighting the need for stricter oversight to prevent...
Crypto Briefing
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US Closes in on Iran’s Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies
Bitcoin Magazine US Closes in on Iran’s Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies Iran has been dodging sanct...
Bitcoin Magazine
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US Treasury sanctions Iran’s Bitcoin-backed shipping insurance scheme
The sanctions could strain Iran's maritime economy, disrupt global shipping routes, and escalate geopolitical tensions in the regi...
Crypto Briefing
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EU Crypto Sanctions Review Could Trigger Almost 5,500 Compliance Checks
Europe's authorized crypto sector could face 1,569 to 5,409 governance and counterparty reviews as the EU introduces Russia- and B...
Finance Magnates
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US Senate rejects second war powers resolution on Iran as Bitcoin dips and crypto sanctions tighten
The Senate's decision underscores ongoing geopolitical tensions, impacting crypto markets and highlighting increased regulatory sc...
Crypto Briefing
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Tom Cotton backs Trump’s strikes on Iran, calls leaders terrorists as crypto markets bleed $80 billion
Heightened geopolitical tensions could lead to increased economic sanctions, impacting global markets and complicating crypto comp...
Crypto Briefing
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Professional Law Enforcement Group Backs Crypto’s CLARITY Act, Adding Pressure Before August Recess
Bitcoin Magazine Professional Law Enforcement Group Backs Crypto’s CLARITY Act, Adding Pressure Before August Recess More support...
Bitcoin Magazine
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US sanctions firms behind Iran’s Strait of Hormuz BTC insurance scheme
The US Treasury’s Office of Foreign Assets Control (OFAC)has sanctioned two Iranian maritime firms in an effort to stop Iran from...
Protos
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A secret 11th-hour CLARITY proposal to protect crypto coders was just ripped apart by both sides of Washington
Senate negotiations over the landmark CLARITY Act are producing fresh concessions, but little evidence that the parties are moving...
CryptoSlate
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US slaps new Iran sanctions on insurers and tankers, with crypto payment evasion in the crosshairs
The sanctions intensify US-Iran tensions, potentially disrupting global oil markets and highlighting vulnerabilities in crypto com...
Crypto Briefing
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US Treasury sanctions Iranian firms running maritime extortion scheme with crypto payment ties
The sanctions highlight the growing complexity of enforcing international regulations in the digital age, necessitating global coo...
Crypto Briefing
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