US
The Soufan Center has published a brief on cryptocurrency adoption by terrorist groups titled "Blockchain and Bloodshed," citing outdated, incorrect, and misleading statements.
US
In a hearing on Wednesday Chainalysis argued that a defamation lawsuit filed by alleged “scam” is an effort to silence the analytic's firm
US
Last week, TD Bank agreed to pay a “historic fine” of over $3B for BSA violations linked to drugs, bribes, and human trafficking – but the fine makes up merely 1% of the banking group's revenue.
US
A Tennessee Assistant Police Chief gave a former Arizona Representative access to confidential FinCEN data in "private sector racketeering investigation", raising questions on illegitimate surveillance
International
A World Economic Forum report on digital asset regulation finds "tough" US approach "positive for the industry", recommends AI, digital identities for AML/KYC, EU stablecoin reserve requirements "too strict"
US
The Saving Privacy Act amends codifications of financial privacy laws, introduces prohibitions for central databases holding personally identifiable information and CBDCs, and reforms executive regulations and penalties.
International
Colombia investigates whether information on the alleged purchase of Pegasus Spyware was shared with Colombia's Financial Intelligence Unit (FIU). Last week, Colombia was banned from the international FIU network Egmont Group for revealing a confidential report on Israeli Pegasus sales.
US
In an oral statement issued on Thursday, Tornado Cash judge says code is not speech, non-custodial service providers can be money service businesses, and specific knowledge of criminal activity is not a prerequisite for charges of conspiracy to commit money laundering.
US
SEC Chair Gary Gensler expressed intent to rule on amendments to rule 3b-16 of the Exchange Act by November. Criticized as overly broad, the proposed amendments may be abused to require software publishers to obtain SEC licenses.
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.