Regulatory Changes - EU's new Anti-Money Laundering Authority (AMLA) 新规将禁止匿名钱包和隐私币 [1] - 政府部门需要在 2027 年 7 月前获得账户数据访问权限 [1]

Regulatory Landscape - EU Anti-Money Laundering Authority warns crypto firms of new regulations [1]

Core Viewpoint - The United Kingdom's Financial Conduct Authority (FCA) has fined Barclays £42 million (approximately $56 million) due to lapses in financial crime control, highlighting significant failings in its risk management practices [1][2]. Group 1: Cases of Financial Crime Control Failures - The fine encompasses two distinct cases that illustrate Barclays' shortcomings in managing financial crime risks [2]. - The first case involved Barclays opening a client money account for WealthTek, which was later shut down by the FCA in 2023 due to serious regulatory and operational issues. The former principal partner of WealthTek, John Dance, has been charged with fraud and is scheduled for trial in 2027 [3]. - Barclays was fined £3 million in the WealthTek case and will make a voluntary payment of £6.3 million to WealthTek's customers who experienced a shortfall in reclaiming their funds [4]. Group 2: Money Laundering Risks - In the second case, Barclays was fined £39.3 million for failing to manage money laundering risks associated with providing banking services to Stunt & Co, which received £46.8 million from Fowler Oldfield, identified as a multimillion-pound money laundering operation [5][6]. - The FCA noted that Barclays did not adequately assess the money laundering risks, despite receiving warnings from law enforcement regarding suspected money laundering activities involving Fowler Oldfield and the police raids on both firms [6]. Group 3: Remediation and Comparisons - Barclays received a significant reduction in its fine in the WealthTek case due to its cooperation with the investigation and the voluntary repayment made to affected customers. The bank is currently engaged in a substantial remediation program to enhance its anti-money laundering controls [7]. - This fine against Barclays follows a recent penalty imposed on Monzo, a U.K.-based digital bank, which was fined approximately $28.5 million for deficiencies in customer onboarding, risk assessment, and transaction monitoring from October 2018 to August 2020 [8].

All right, time for money, power, politics. Again, you're getting a double tonight. You know, we are always asking on this program, is the White House for sale.Well, let's take a look. It is crypto week on Capitol Hill. And even if you're not a crypto investor, this should matter to you because Donald Trump and the crypto industry might not actually get everything they want.Huge surprise given how much money he's made in the space. Well, Senate Democrats could actually help defeat some of the bills specific ...

RT Sander Lutz (@s_lutz95)🚨NEW: This morning, the Senate Banking Committee will hold a hearing on crypto market structure legislation. I’m hearing Elizabeth Warren, top Dem on the committee, will announce she would support a bill if it meets these 5 criteria:“1. Protecting our bedrock securities laws;2. Providing basic investor protections;3. Preserving our financial stability;4. Requiring crypto actors to implement commonsense anti-money laundering and sanctions enforcement programs; and5. Stopping public ...

The US Treasury is granting a temporary reprieve to three Mexican financial firms it moved to cut off from the US financial system, citing the country’s progress in addressing money laundering by drug trafficking cartels https://t.co/p02UyBIV8l ...

New Zealand to ban crypto ATMs in broader efforts to combat money laundering https://t.co/jWOrdR5tIv ...

“We inadvertently turned over a stone, and went down the deepest, darkest hole for three years.”How police uncovered a vast money-laundering scheme fuelled by a stablecoin https://t.co/aTq7ybfL8X ...

You’ve never met a single human being that’s ever gotta rich off selling bitcoin because it doesn’t fucking exist.The only people buying bitcoin are rich people that don’t need to sell bitcoin.It’s the same money laundering scheme as NFT’s.None (@None):None ...

🇦🇺 INSIGHT: A $123M crypto scam in Australia laundered funds through a licensed money transfer firm. One of the country's biggest frauds. https://t.co/Z5TATuT631 ...