We want a market where innovation can thrive, but where people understand the risks. Regulation cannot – and should not – remove all risk. Instead, it should make sure anyone investing in crypto does so with their eyes open. Our proposals apply a similar approach to crypto as we do in traditional finance: clear information for consumers, proportionate requirements for firms, and flexibility to support innovation. What we’re consulting on Admissions and disclosures – Rules for

The NCA have identified that a billion-dollar money laundering network active in the UK purchased a bank in Kyrgyzstan to facilitate sanctions evasion and payments in support of Russian military efforts. Through Operation Destabilise, the NCA and its partners are targeting money launderers who work for this network and are known to operate in at least 28 UK cities and towns. For a fee, the launderers collect ‘dirty’ cash generated from the drugs trade, firearms supply, and or

Please read the link at https://www.austrac.gov.au/about-us/amlctf-reform/reforms-guidance for full article

Department of Justice Files Largest Ever Forfeiture Action Against Approximately $15 Billion in Bitcoin Currently in U.S. Custody BROOKLYN, NY - An indictment was unsealed today in federal court in Brooklyn charging Chen Zhi, also known as “Vincent,” the founder and chairman of Prince Holding Group (Prince Group), a multinational business conglomerate based in Cambodia, with wire fraud conspiracy and money laundering conspiracy for directing Prince Group’s operation of forced

As of September 2025, the central bank proposed cutting and simplifying 124 out of 298 administrative procedures, representing 41.6 per cent of the total. This initiative has reduced processing time by hundreds of days and saved more than VNĐ7.6 billion in costs. The State Bank of Vietnam (SBV) announced that it has cleaned up 154 million bank accounts and flagged nearly 300,000 customers for suspected fraud, blocking transactions worth a combined VNĐ1.5 trillion (US$56.9 mil

Georgian authorities are currently investigating more than $624 million and €35 million which were laundered through an elaborate criminal scheme that spanned at least two years. According to the Prosecutor’s office, the discovery which counts as one of the largest cases of financial crime in the country’s history, involved a network that operated between 2022 and 2024, disguising illicit cash flows through a licensed currency exchange point. It said that foreign currency wa

On September 9th, Yunfeng Securities Co., Ltd. recently received approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its existing securities trading license (Type 1 license) to provide virtual asset trading services. This financial platform, closely linked to the "Jack Ma faction," has not only entered the compliant digital asset channel, but its parent company, Yunfeng Financial ( 00376.HK ), has also previously disclosed its purchase of approximat

According to the FATF’s 2025 Targeted Update on the Implementation of the FATF Standards on VA and VASPs, although there has been some progress with compliance, many jurisdictions still struggle with the implementation of some of the fundamental requirements of R.15, particularly undertaking a risk assessment on VA/VASP [30]. When undertaking a risk assessment related to VA/VASPs, countries should consider how VASPs differ to traditional financial institutions (FIs), and how