Tag: AML rules

  • US Treasury wants to extend AML rules to investment advisers

    US Treasury wants to extend AML rules to investment advisers

    The US Department of the Treasury is pushing for an expansion of anti-money laundering (AML) regulations, seeking to include investment advisers under its purview. This move comes in response to the increasing concern over illicit financial activities and the need to further combat money laundering. Currently, AML rules are mainly applicable to traditional financial institutions…

  • China to revise its AML rules to include crypto transactions

    China to revise its AML rules to include crypto transactions

    ​ China to⁢ Revise its AML Rules to Include Crypto Transactions Date: [enter current date] Introduction ⁤⁢ ⁣ In a significant move‍ to regulate⁢ cryptocurrency activities, China ‍has announced plans to revise its anti-money laundering (AML) rules to explicitly ⁢include crypto‍ transactions. This development comes as authorities aim to address ​concerns regarding ​money laundering, terrorism…

  • EU tightens AML rules for crypto and luxury markets

    EU tightens AML rules for crypto and luxury markets

    EU tightens Anti-Money Laundering (AML) rules for cryptocurrency and luxury markets In recent developments, the European Union (EU) has significantly strengthened its Anti-Money Laundering (AML) regulations for both the cryptocurrency and luxury markets. With the intention to combat illicit financial activities and enhance financial transparency, these measures aim to impose stricter rules and obligations on…