{
Anti-Money Laundering (AML) Regulations

SubCategory

}
Switzerland's banking crisis: the need for stronger financial supervision
Switzerland's banking history is marred by crises, from the 90s real estate bubble to UBS's near-collapse in 2008. Strengthening Finma's powers and clarifying supervisory roles are crucial, yet past political complacency raises concerns about future vigilance and the risk of self-regulation returning. The Confederation must adopt a proactive stance to prevent existential financial crises, particularly regarding UBS's perceived threat.
@letemps
United States Dollar Credit Suisse Real Estate Fund Siat CHE
Regulatory & Legal, News Article
21:04 21.12.2024
Nigeria arrests 792 in major crackdown on crypto romance scam network
Nigeria's Economic and Financial Crimes Commission arrested 792 individuals, including 148 Chinese and 40 Filipinos, in a major crypto-romance scam raid in Lagos. The operation, based in a seven-story building, involved a sophisticated network where local recruits, trained to impersonate foreign women, lured victims into fraudulent investment schemes. Authorities discovered over 500 SIM cards and high-end computers, indicating a well-organized effort targeting individuals primarily in North America and Europe.
CryptoPotato
United States Dollar CHN AUS KOR NGA HKG PHL Show more
Regulatory & Legal, News Article
18:06 21.12.2024
ASIC takes action against Binance Australia in landmark cryptocurrency regulation case
The Australian Securities and Investments Commission (ASIC) has initiated legal action against Binance Australia for alleged violations of counter-terrorism financing and anti-money laundering laws, marking a pivotal moment in cryptocurrency regulation. This case could lead to significant penalties for Binance, impacting its operations and investor confidence both locally and internationally. As regulators worldwide observe, the outcome may set a precedent for stricter compliance measures across the cryptocurrency industry, emphasizing the need for robust frameworks to protect investors and ensure market integrity.
Bitcoinist.com
AUS Sarah Court
Regulatory & Legal, News Article
15:30 21.12.2024
reforming financial oversight after credit suisse crisis calls for stronger governance
The PUK report on Credit Suisse's downfall presents thirty proposals aimed at enhancing financial supervision and addressing the "too big to fail" issue, emphasizing the need for better coordination among authorities. While the Federal Council acknowledges most recommendations, it rejects a key proposal for stricter residency requirements for board members, citing existing corporate governance regulations. The report highlights the ineffectiveness of FINMA's interventions and raises concerns about the regulatory capture of financial authorities.
Die Weltwoche
United States Dollar Credit Suisse Real Estate Fund Siat CHE Thorsten Hensel
Regulatory & Legal, News Article
11:01 21.12.2024
Google mandates FCA registration for UK crypto ads starting January 2025
Starting January 15, 2025, Google will require advertisers of crypto exchanges and wallets targeting the UK to register with the Financial Conduct Authority (FCA). Ads for hardware wallets are permitted if they do not offer additional services like trading, with compliance to local laws expected globally. This policy aligns with ongoing regulatory efforts to combat unauthorized crypto promotions, as seen with recent warnings from the FCA regarding unregistered projects.
Cointelegraph
Google Inc. NGA GBR
Regulatory & Legal, News Article
08:26 21.12.2024
hawk tuah girl meme coin faces legal battle after dramatic market plunge
The "Hawk Tuah Girl" meme coin, $HAWK, has plunged 91% from its peak market cap of $490 million, now valued at $41.7 million, leading to a legal battle in New York. Investors allege violations of federal securities laws, claiming the token is an unregistered security and that developers engaged in insider trading. The lawsuit highlights the risks associated with meme coins, which often rely on viral popularity and community engagement for initial success.
Bitcoinist.com
USA Haliey Welch Elton John
Regulatory & Legal, News Article
08:00 21.12.2024
El Salvador seeks IMF support amid challenges to Bitcoin adoption
In 2021, El Salvador became the first country to adopt Bitcoin as legal tender, facing immediate criticism, particularly from the IMF, which cited risks to financial stability and consumer protection. To secure a $1.4 billion liquidity injection, El Salvador is now complying with IMF conditions that limit cryptocurrency adoption, revealing vulnerabilities in its ambitious Bitcoin initiative.
Crypto Valley Journal
United States Dollar SLV
Regulatory & Legal, News Article
06:00 21.12.2024
european judges uphold decision on eu bond trading cartel
European judges have upheld the decision regarding a bond trading cartel within the EU, impacting 728 partners involved. Microsoft and its third-party vendors utilize cookies to enhance service delivery and ad personalization, allowing users to manage their preferences and consent to data usage.
msn.com
Euro Microsoft Corporation
Regulatory & Legal, Market Report
04:13 21.12.2024
europe faces crypto challenges as tether exits amid new regulations
The implementation of the Markets in Crypto Assets (MiCA) regulation in the EU aims to enhance oversight of crypto transactions but risks diminishing Europe's competitive edge in the global market. Tether's delisting from European exchanges due to non-compliance with new regulations may limit liquidity and trading options, pushing investors towards the Euro. As the U.S. prepares for a pro-crypto administration, Europe faces challenges in maintaining its appeal as a crypto hub, with venture capital investments expected to decline significantly in 2024.
Wall Street Pit
Euro Tether USDt CNY StablR Euro USD Donald Trump Usman Ahmad Isabella Chase Howard Lutnick Show more
Regulatory & Legal, Market Report
00:19 21.12.2024
Copper Technologies withdraws UK crypto license application amid regulatory challenges
Copper Technologies, backed by Barclays, has withdrawn its application for a UK crypto license due to regulatory challenges, opting to focus on international markets under new CEO Amar Kuchinad. The firm is prioritizing growth in Switzerland, Hong Kong, and Abu Dhabi, where regulatory frameworks are more favorable. This decision follows the FCA's report indicating a high rejection rate for crypto firms, with 87% of applications facing withdrawal or rejection.
Coinchapter
Barclays PLC HKG ARE CHE GBR Philip Hammond Amar Kuchinad Show more
Regulatory & Legal, News Article
00:02 21.12.2024
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MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

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