Anti-Money Laundering

Scammers are creating fake crypto wallet-checking sites that falsely promise to identify suspicious activity linked to a wallet. These deceptive sites attempt to trick victims into connecting their wallets or approving unauthorized transactions by mimicking legitimate AML checking processes. Users should recognize that basic wallet checks only require entering the public address and should never connect their wallet to such services.

Capital One closed Trump Organization accounts following a money laundering review. The closures resulted from months of analysis by Capital One’s anti-money laundering team in accordance with bank policies and regulatory guidance.

Capital One closed hundreds of accounts associated with President Trump and his businesses in 2021 for anti-money laundering reasons, as stated in a filing.

Capital One closed hundreds of accounts associated with President Trump and his businesses in 2021 for anti-money laundering reasons, according to a filing. The action was cited as part of the bank's compliance measures.

Capital One closed hundreds of accounts linked to President Trump and his businesses in 2021 for anti-money laundering reasons, according to a filing. The action was cited as part of the bank's compliance measures.

Capital One closed hundreds of accounts linked to President Trump and his businesses in 2021, citing anti-money laundering reasons in a filing. The action was taken as part of the bank's compliance measures.

Capital One says it closed hundreds of accounts associated with President Trump and his businesses in 2021 "for anti-money laundering reasons," according to a filing. The bank cited anti-money laundering compliance as the reason for closing the accounts.

Capital One stated that closures of Trump Organization accounts in 2021 followed a review by its anti-money-laundering team. The bank cited anti-money laundering concerns as the reason for the account closures.

NFIU will establish a Nigeria branch of a global women’s anti-money laundering network to enhance leadership, mentorship, and collaboration in Nigeria’s anti-money laundering and counter-terrorism financing sectors. The network plans to expand across West Africa.

Jaiz Bank faced regulatory penalties totaling N530.9 million in 2025 due to breaches including anti-money laundering failures, customer due diligence violations, and filing infractions. The sanctions were imposed by the Central Bank of Nigeria (CBN) and the Nigerian Exchange Group (NGX).

The European Securities and Markets Authority (ESMA) has ordered unlicensed crypto firms to cease operations in the EU by July 1, 2026, under the Markets in Crypto-Assets (MiCA) regulation. Unauthorized firms must stop acquiring new clients, halt marketing, and wind down existing services, with strict compliance on anti-money laundering rules during the exit process.

Vivek Aggarwal has been appointed as the vice-president of the Financial Action Task Force. His current role is as Secretary in the Culture Ministry, and his appointment is seen as significant for India's involvement in global financial governance and efforts against money laundering and terrorist financing.

JPMorgan Chase CEO Jamie Dimon criticized the Clarity Act, arguing it allows crypto firms to operate without banking regulations, and accused Coinbase CEO Brian Armstrong of pushing the legislation with significant funding. Dimon emphasized that crypto platforms offering services akin to banks should face equivalent oversight, including AML compliance and FDIC insurance, calling Armstrong's efforts 'full of sh*t.'

Americans lost nearly $21 billion to fraud in 2022, with cryptocurrency-related scams being the largest contributor. The article urges Congress to close regulatory gaps by applying anti-money laundering and Bank Secrecy Act standards to digital asset platforms, similar to traditional banks.

KuCoin EU has hired anti-money laundering experts to meet regulatory requirements and appease the Austrian financial authority. This move aims to strengthen compliance measures and align with local regulations.

US Anti-Money Laundering (AML) fines reached $1.06B in H1 2025 as regulatory enforcement shifted from securities cases to AML, with Basel rules and mandatory audits significantly impacting crypto compliance, according to CertiK.

Senator Richard Blumenthal (D-Conn.) is pressuring the DOJ and Treasury's FinCEN to disclose the status of monitors overseeing Binance after $1.7 billion in Iran-linked crypto flows. The monitors, part of a 2023 $4.3 billion settlement with Binance over compliance failures, are tasked with ensuring the exchange improves its anti-money laundering and sanctions enforcement.