International
UK Prime Minister Keir Starmer announced plans to "stop benefit fraud" costing taxpayers "almost £10 billion a year". The digital rights group Big Brother Watch sees a revival of bank spying powers.
EU
In a proposed "security package", the German Government aims to expand the surveillance capabilities of the German Federal Police (BKA) of bank accounts subject to suspicious activity and transaction reports.
EU
The German Interior Ministry dodged questions on government use of chain analysis software and the risks of mixers for the concealment of criminal activity. Suspicious Transaction Reports involving cryptocurrencies appear negligibly low.
EU
The crowdfunding platform Geyser Fund is shutting down projects in conflict zones citing regulatory uncertainty.
EU
The German banking authority BaFin is unaware of "new regulations that came into effect on September 10th", allegedly leading Kraken Germany to halt support for the Lightning Network according to customer service representatives. Kraken issued a correction after publication of this article.
EU
Human Rights in Finance is suing the Dutch Central Bank under Article 8 of the EU Charter of Fundamental Rights over failure to enforce protections in light of "potentially criminal" AML data outsourcing program ran by the Netherlands' five largest banks
EU
Human Rights in Finance formally requests a human rights evaluation from the European Commission on the EU's 5th Anti-Money Laundering Directive, citing privacy infringements and procedural abuse
EU
The German party Die Linke is questioning the German government on the use of blockchain surveillance software and the use of crypto mixers for the identification and prevention of financial crime.
International
The UK's National Crime Agency claims "cryptoassets are increasingly used to launder non-digital proceeds of crime" and identify increased risks to children through end-to-end encryption in a 2024 National Risk Assessment.
International
The finalized UN Cybercrime Convention would overrule bank secrecy while criminalizing hacking, whistleblowing and security research.
US
The case that put blockchain analysis on trial is moving forward with the sentencing of alleged Bitcoin Fog operator Roman Sterlingov – but not everyone's convinced that the government's got the right guy.
International
Democrats like to take on issues of equality, yet continue to support inherently unjust policies. Rage Weekly with an Opinion on AML and Social Justice. Subscribe for free or read all issues online.