Tag: evade sanctions
What US Financial Institutions Need to Know about FinCEN’s Russian Sanctions Evasion and Ransomware Guidance
On March 7, 2022, the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury published guidance (Guidance) for US financial institutions warning about: (1) efforts of foreign actors to evade expanding US economic sanctions and trade restrictions related to the Russian Federation and Belarus and (2) increased risk of malicious cyber-attacks and related... Continue Reading
Will Blockchain Be Resilient for Russians Using Cryptocurrencies?
Blockchain technology has had a huge impact on the financial sector. Although many traditional financial institutions like Bank of America use blockchain, it is still mostly used for cryptocurrency transactions. The benefits of the blockchain network are soon going to be put to the test. There are indicators that Russia is going to start moving […]
The post Will Blockchain Be Resilient for Russians Using Cryptocurrencies? appeared first on SmartData Collective.
Deutsche Bank to Exit Russia, Says There Will Be No New Business There
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank,…
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DOJ Task Force ‘KleptoCapture’ to Target Crypto Exchanges in Sanctions Evasion Crackdown
Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry – Regulation Bitcoin News
Estonia is making ready to implement a set of recent anti-money laundering guidelines that may stiffen necessities for crypto corporations working underneath Estonian license. The modifications come amid considerations that Russia might use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML insurance policies. Government of Estonia Creates Stricter Regulatory […]
The post Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry – Regulation Bitcoin News appeared first on Bitcoin Upload.
Ukraine turns crypto donations into 5,550 bulletproof vests, 500 helmets and more
As millions of dollars in cryptocurrency have flowed into Ukraine, the country has turned such donations into thousands of bulletproof vests, packed lunches, medicine items and other supplies for the armed forces. Ukraine’s deputy minister of Digital Transformation Alex Bornyakov shared Friday a list of supplies that have been bought since March 1 using funds […]
The post Ukraine turns crypto donations into 5,550 bulletproof vests, 500 helmets and more appeared first on The Block.
Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion
Biden Slated to Implement New Crypto Regulation
Joe Biden is slated to sign an executive order on cryptocurrency sometime this week. The executive order will be directed towards the regulation and trading of digital currency. Joe Biden Seeks Further Crypto Establishment Given Biden’s history with crypto, traders should be a little worried about what’s to come. Remember last summer’s infrastructure bill? The...
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Two sides to every coin: Crypto as a weapon in the fight for Ukraine
Analyst: Sanctions on Russia could push more people into crypto
Russia’s invasion of Ukraine has led to a cascade of events that in one…
The post Analyst: Sanctions on Russia could push more people into crypto appeared first on Coin Journal.
Top US think tank warns Monero, Zcash could help evade sanctions
Brookings, one of the most influential think tanks in Washington DC, is ringing alarm bells about privacy coins like Monero and Zcash.
The post Top US think tank warns Monero, Zcash could help evade sanctions appeared first on Protos.
EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus
The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia On Wednesday, the European Commission welcomed…
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