Tag: AML
-
More ↗: EU to Ban Anonymous Accounts and Privacy Coins by 2027EU to Ban Anonymous Accounts and Privacy Coins by 2027
The European Union is set to enact stringent anti-money laundering regulations by 2027, banning anonymous accounts and privacy coins like Monero and Zcash. Key provisions…
-
More ↗: Estonia Limits Banks’ Ability to Arbitrarily Close Accounts: What Will Change in 2025Estonia Limits Banks’ Ability to Arbitrarily Close Accounts: What Will Change in 2025
Estonia is implementing reforms to enhance banking clients’ rights, effective July 1, 2025. Banks will face restrictions on account closures and opening refusals based on…
-
More ↗: Britain at Risk of Losing Ground in Fintech and Digital Assets, Experts WarnBritain at Risk of Losing Ground in Fintech and Digital Assets, Experts Warn
Britain faces potential decline in fintech and digital assets due to regulatory challenges and cautious funding from pension funds. Experts highlight strict regulations are stifling…
-
More ↗: ESMA Sets New Standards for Crypto Market Oversight: How MiCA Will Change the Landscape and How Businesses Can PrepareESMA Sets New Standards for Crypto Market Oversight: How MiCA Will Change the Landscape and How Businesses Can Prepare
On April 29, 2025, ESMA published guidelines under MiCA to enhance oversight of the crypto market, focusing on a risk-based approach to prevent market abuse.…
-
More ↗: MiCA and White Paper: New Requirements for Issuers of Asset-Referenced Tokens and E-Money TokensMiCA and White Paper: New Requirements for Issuers of Asset-Referenced Tokens and E-Money Tokens
The European Union’s Markets in Crypto-Assets Regulation (MiCA) mandates issuers of Asset-Referenced and E-Money Tokens to prepare a legally compliant White Paper before token launch.…
-
More ↗: Nike Faces Lawsuit Over NFT Project ShutdownNike Faces Lawsuit Over NFT Project Shutdown
Nike faces a class-action lawsuit from NFT buyers after its affiliated studio RTFKT announced a shutdown, claiming significant financial losses due to diminished demand for…
-
More ↗: Want to Open a Foreign Account or Company? Without This Check, You’ll Be Rejected: How Due Diligence Works and Why Professional Support Is EssentialWant to Open a Foreign Account or Company? Without This Check, You’ll Be Rejected: How Due Diligence Works and Why Professional Support Is Essential
Opening a foreign account or company requires passing Due Diligence, a critical verification process assessing reliability and fund transparency. Strong compliance cultures prefer rejection over…
-
More ↗: MiCA in Bulgaria: current basic rulesMiCA in Bulgaria: current basic rules
On December 18, 2024, Bulgaria’s Government approved the draft Bill on Crypto-Assets Markets (BCAM) to align with EU’s MiCA. The bill sets licensing frameworks for…
-
More ↗: MiCA in Czechia: What Has Already Been Implemented and What Crypto Businesses Must Know in 2025MiCA in Czechia: What Has Already Been Implemented and What Crypto Businesses Must Know in 2025
The MiCA Regulation will take effect in the EU on December 30, 2024, with implementation in Czechia via the Digital Finance Act starting February 15,…
-
More ↗: The UK Introduces a New Type of Sanction — Director Disqualification. What Does It Mean for Your Business?The UK Introduces a New Type of Sanction — Director Disqualification. What Does It Mean for Your Business?
On April 9, 2025, the UK introduced director disqualification as a new sanction under the Sanctions and Anti-Money Laundering Act. This ban impacts both local…
FinanceIQ Hub 