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Tag: AML

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BIS Warns Crypto Self-Custody Could Become New AML Loophole
A new Bank of International Settlement (BIS) paper argues that self-custodied crypto could become the next weak point in anti-money laundering enforcement if regulators tighten rules around other payment rails without closing the gap around user-controlled wallets. The core concern… Read full article
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Thailand crypto platforms freeze 10K accounts in AML crackdown: Report
Thai crypto operators reportedly froze 10,000 suspected “mule accounts” as new AML checks and transfer delays took effect in a wider anti-fraud push. Read full article
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Bithumb Faces 6-Month Suspension In South Korea Over AML, KYC Violations
The South Korea-based cryptocurrency exchange, Bithumb, is facing significant legal and operational challenges following a major system error in February. This resulted in more than $43 billion worth of Bitcoin (BTC) being distributed to users, prompting scrutiny from regulatory bodies. … Read full article
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