反洗钱

Will #反洗钱 #美国加征关税 deal a double blow to the cryptocurrency market?
The People's Bank of China holds the 2025 Anti-Money Laundering Work Conference

On April 1, Jin Shi Data reported that the People's Bank of China held the 2025 Anti-Money Laundering Work Conference. The conference emphasized the need to fully recognize the new situation facing anti-money laundering efforts in 2025 and to actively promote the high-quality development of anti-money laundering work. First, comprehensively advance the response work for the fifth round of international anti-money laundering assessments, aiming to build an internationally advanced anti-money laundering system. Second, fully implement the newly revised Anti-Money Laundering Law of the People's Republic of China, further improving the anti-money laundering institutional framework and coordination mechanisms. Third, fully implement a risk-based management approach, accelerate the optimization and transformation of anti-money laundering supervision in the financial industry, and establish a sound money laundering risk management system for financial institutions. Fourth, effectively strengthen the construction of the beneficial ownership information management mechanism and promote anti-money laundering efforts in specific non-financial sectors. Fifth, continuously improve the mechanisms for anti-money laundering investigations and monitoring and analysis, and solidly advance the fight against money laundering crimes. Sixth, actively participate in international anti-money laundering governance and enhance international exchanges and cooperation on anti-money laundering.

The UK strikes hard! $7.7 million in illegal cryptocurrency frozen in a year, with Coinbase as the biggest target

UK law enforcement recently released a set of data showing that since April 2024, approximately $7.7 million worth of illegal crypto assets have been frozen. The largest single freeze was a wallet worth $1.94 million (£1.5 million) on Coinbase, believed to be linked to a tax evasion case.

This large-scale operation is attributed to new regulations passed in the UK last year, which granted the National Crime Agency (NCA) and police the power to directly freeze suspicious crypto wallets without needing to arrest suspects, with a maximum duration of up to three years. If digital assets are deemed to 'harm the public interest,' authorities have the right to directly destroy them, especially privacy coins that are commonly used for money laundering.

However, law enforcement faces many new challenges when dealing with cases involving digital currency. Most of the frozen wallets belong to foreigners, making cross-border investigations exceptionally difficult; currently, only assets on centralized exchanges can be frozen, while private wallets remain untouchable; additionally, police generally lack expertise in blockchain investigations, further complicating enforcement efforts.

Lawyers predict that as law enforcement agencies become more familiar with the new regulations, the number of freezing orders will only increase. However, professionals also point out that compared to traditional money laundering channels, cryptocurrencies actually constitute a very small fraction of illegal funds—most dirty money still follows the old routes.

In discussions about cryptocurrency regulation, opinions are sharply divided. Supporters advocate for the cryptocurrency sector to be brought under regulation as soon as possible, calling for it to be 'no longer a lawless territory,' and pushing for stronger legal oversight; skeptics question the regulatory means, worrying about privacy infringements, and asking, 'Why should freezing be the default?'; bystanders, observing from a distance, note that with billions of dollars in daily cryptocurrency transactions globally, the mere $7.7 million seized suggests that crime is not as severe as it seems.

In summary, these discussions not only showcase the community's diverse perspectives and complex attitudes toward cryptocurrency regulation but also highlight that the depth of consideration from various groups based on their own positions makes this topic increasingly worthy of attention and in-depth exploration.

Do you agree that the government has the right to directly freeze crypto wallets? Do you believe anti-money laundering efforts should sacrifice crypto anonymity?

#加密货币监管 #反洗钱 #英国政策

📣Taiwan Financial Supervisory Commission releases new anti-money laundering regulations for virtual asset service providers

Taiwan's Financial Supervisory Commission (FSC) recently announced a new set of anti-money laundering (AML) regulations targeting virtual asset service providers (VASPs). The new regulations will take effect on January 1, 2025, and all cryptocurrency companies must register with the government by September of the same year, otherwise they may face up to two years in prison or a fine of $155,900.

The new regulations require all cryptocurrency companies, including those that are already compliant, to re-register with the FSC to avoid penalties. The regulator recommends that VASPs wait until the new registration system goes live before submitting documents to avoid unnecessary trouble.

It is reported that the FSC plans to propose new crypto-related laws by June 2025, and it is expected to complete the draft by the end of 2024 to ensure the security and compliance of the crypto environment.

Despite stricter anti-money laundering regulations, Taiwan has also brought new investment opportunities to professional investors. Last month, the FSC allowed professional investors to invest in foreign virtual asset-related ETFs. However, these investments are riskier and are therefore limited to institutional investors, high net worth clients and qualified individuals.

In addition, in order to make investors aware of the risks, the new regulations require the establishment of a suitability assessment system and the issuance of risk warnings and detailed product information before the first purchase by non-institutional customers. Securities companies are also required to regularly train their employees on virtual assets to ensure that they fully understand virtual assets.

🤔 Conclusion:

The new AML regulations introduced by the Taiwan FSC have raised the compliance threshold for the cryptocurrency industry, but it is a challenge for cryptocurrency companies that need to continue to innovate while pursuing compliance.

At the same time, for professional investors, the new regulations also bring new investment opportunities, such as foreign virtual asset ETFs, which may affect their investment decisions.

Although the new regulatory laws may make it more difficult for ordinary investors to enter the market, they are aimed at combating money laundering and protecting consumer rights, and promoting the healthy and sustainable development of the cryptocurrency industry. It will definitely be effective!

🔍 What do you think of the new anti-money laundering regulations announced by the Taiwan Financial Supervisory Commission? Do you think this will shape the future landscape of the cryptocurrency market?Leave your thoughts in the comments section!

#加密货币 #反洗钱 #台湾金融监管

ETH was stolen for 1.4 billion, a shocking money laundering case! How did the hacker withdraw the money and get away with it? 👉

My dears, the theft of 400 million US dollars of ETH from Bybit shocked the cryptocurrency circle! Hackers used these 6 dark methods to sell the stolen goods. How can ordinary people protect themselves? Come and find out👇
>>>>>>>>>>>>>>
🌀Six ways of money laundering
1️⃣ Coin mixer invisibility
Use tools such as Tornado Cash to "mix" ETH and cut off the flow of funds. The difficulty of on-chain tracking has risen sharply, but there are still patterns to follow.
2️⃣ DEX blood exchange method
Use Uniswap to exchange ETH for anonymous coins such as XMR, without KYC. Operate in batches in small amounts to cleverly avoid monitoring radars.
3️⃣ Cross-chain bridge clone technique
Cross-chain ETH to BSC/Solana, and use multi-chain tracking blind spots. The handling fee of a certain bridge has skyrocketed recently, suspected to be a hacker test.
4️⃣ Grey exchange nesting
Laundering through "ghost exchanges" registered in the Cayman Islands and Seychelles. Case: A platform nests Binance accounts, ETH→USDT→fiat currency.
5️⃣ NFT left hand to right hand
Buy and sell high-priced NFTs by yourself, and fabricate transaction flows. The recent abnormal fluctuations in the floor price of BAYC have aroused everyone's suspicion.
6️⃣ Darknet OTC black market
Colluding with unlicensed brokers to quickly cash out at a 95% discount. Large amounts need to be split into hundreds of small amounts, which is time-consuming but highly concealed.
>>>>>>>>>>>>>
🚫Three major regulatory loopholes
🔸 Registration place shell: 80% of the exchanges used are registered in unregulated island countries.
🔸Nested accounts out of control: Sub-accounts of large exchanges become "white gloves" for money laundering.
🔸Cross-chain protocol autonomy: data between chains are not interoperable, and tracking is broken.
>>>>>>>>>>>>>

🛡️Self-protection guide

1️⃣Exchange selection:

🔸Only select licensed platforms in the US/Japan/Europe (such as Coinbase, Kraken).

🔸Beware of "high rebate" and "zero KYC" idiots.

2️⃣Asset storage:

🔸Large assets are placed in cold wallets, and only trading funds are kept in the exchange.

🔸Enable whitelist + multi-signature to prevent private key leakage.

3️⃣On-chain interaction:

🔸Disable unknown contract authorization 👉Revoke.cash.

🔸Use DeBank to scan address risks before large transactions.

>>>>>>>>>>>>>

🌟Industry reflection
If we continue to let mixers + gray exchanges go, Web3 will become a money laundering paradise! Need to promote:

🔸Global regulatory linkage: freeze high-risk addresses and ban anonymous protocols.

🔸On-chain AI monitoring: Mark abnormal fund flows in real time.
#ETH安全 #反洗钱 #加密货币监管 $BTC $ETH

🤝In response to DOJ anti-money laundering violation charges, OKX affiliate agrees to pay $500 million settlement

The U.S. Department of Justice (DOJ) recently filed serious charges against OKX affiliate Aux Cayes FinTech Co. Ltd, alleging that it violated anti-money laundering regulations and deliberately circumvented U.S. law. Ultimately, Aux Cayes pleaded guilty and agreed to pay a settlement of more than $500 million, including an $84 million fine and the forfeiture of $421 million in fees earned from U.S. customers.

The investigation found that OKX had circumvented U.S. trading restrictions by instructing customers to falsify information and even ignored "know your customer" (KYC) regulations. For example, in April 2023, an OKX employee instructed a U.S. customer to enter a false nationality and ID number. In January 2024, the same employee also asked potential customers if they had found other ways to bypass KYC verification.

Although OKX officially bans U.S. users, it still advertises in the United States, sponsors events such as the Tribeca Film Festival, and attracts customers through affiliate marketers. There are even customers who publicly share guides for using VPNs to access the platform.

U.S. Attorney Matthew Podolsky pointed out that OKX failed to implement necessary anti-money laundering measures for more than seven years, resulting in the platform facilitating more than $5 billion in suspicious transactions and illegal gains. These actions exposed the fragility of the financial system and also aroused strong dissatisfaction from regulators.

Aux Cayes acknowledged the regulatory shortcomings, but emphasized that the affected users accounted for only a small part of its customer base. As part of the settlement agreement, OKX voluntarily hired a compliance consultant to strengthen supervision and said it would continue to improve its compliance framework.

💬 What do you think? OKX was fined $500 million this time. Do you think this is a warning to cryptocurrency exchanges or excessive regulation? Leave your opinions and views in the comment area!

#OKX #反洗钱 #KYC #金融合规 #司法部