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NFTs magnets for fraud, but not terrorists, says US Treasury
The Register· 4 hours agoThe US Treasury Department has assessed the risk of non-fungible tokens (NFTs) being used for...
European Union Approves New Financial Crime Agency
The Wall Street Journal· 5 hours agoThe measures passed Thursday harmonize Europe’s rules against money-laundering throughout the bloc. “The new and stricter rules will strengthen our...
US Treasury says NFTs ‘highly susceptible’ to fraud, scams
South China Morning Post· 23 hours agoNFTs, which became popular in 2021, are digital works that cannot be replaced or modified and are...
Money Laundering, Terrorist Financing, and Investment Advisors – Yes, Financial Crime is Borderless...
JD Supra· 7 days agoThere is a growing acknowledgement that money laundering and terrorist financing is borderless and legal entity-agnostic, just as it is already known that cybercriminals and ...
Mt Gox not dumping Bitcoin just yet, Hong Kong boots out crypto exchanges: Asia Express
The Cointelegraph· 47 minutes ago“The more than 100,000 previously dormant Bitcoin thatMt.Gox’s trustees could imminently unleash on the market may swing the scales.” A further portion is believed lost forever; that could be ...
Opinion | Rescue Israeli Hostages, but at What Cost?
The Wall Street Journal· 5 hours agoThe issue won’t be aided by slogans that ignore the long-term risks of such deals.
Counter-Terrorism: The Chinese Loyal Wingman
Strategy Page· 15 hours agoJanuary 15, 2021: In an unusual move Pakistan has moved to seize the assets of former Afghan Taliban leader Mullah Akhtar Mansour. This is part of its effort to keep itself off the FATF (Financial ...
FinCEN and SEC Propose Rulemaking Requiring CIP for Investment Advisers | JD Supra
JD Supra· 2 days agoOn May 13th, the Financial Crimes Enforcement Network (FinCEN) and the Securities Exchange Commission (SEC) issued a joint notice of proposed rulemaking (NPRM) that would require SEC-registered ...
Why Hong Kong's SFC Will Audit Compliance of Crypto Firms After June 1
Gadgets 360· 2 days agoHong Kong's Securities and Futures Commission (SFC) will soon inspect crypto firms in the region...
Hong Kong crypto exchange folds to regulatory pressure
The Cointelegraph· 7 days agoHong Kong-based cryptocurrency exchange Gate.HK has closed down after failing to meet the local licensing requirements that will be enforced starting June 1. The Hong Kong Securities and Futures ...
