AML

Canadian regulators have dropped a hammer on the crypto industry.

Fintrac – Canada’s Financial Transactions and Reports Analysis Centre – has imposed a record fine of CAD 176.96 million ($126 million USD) on Xeltox Enterprises Ltd., the company operating the Cryptomus platform, for massive violations of anti–money laundering (AML) and anti–terrorist financing laws.

Crypto Platform at the Center of a Major Scandal
Investigators revealed that Cryptomus, based in Vancouver, failed to comply with Canada’s financial reporting rules between July 1 and July 31, 2024, by:

🔹 Failing to report over 1,000 suspicious transactions

🔹 Ignoring more than 1,500 large virtual currency transfers

🔹 Not notifying regulators about major business changes
According to Fintrac, the unreported activity included transactions linked to child sexual abuse material, fraud schemes, ransomware payments, and the evasion of international sanctions.

“An Unprecedented Action,” Says Fintrac
Fintrac’s Director and CEO Sarah Paquet described the move as “necessary and unprecedented.”
“Given the seriousness of the violations and their connections to child exploitation materials, fraud, ransomware, and sanctions evasion, Fintrac had no choice but to act,” said Paquet.
Officials further stated that Cryptomus failed to update its compliance policies, neglected proper risk assessments, and did not meet mandatory reporting obligations under federal AML regulations.

Cryptocurrencies Under the Microscope
Formerly known as Certa Payments Ltd., Cryptomus has come under heavy scrutiny following the penalty announcement.

The case arrives at a time when Canada is tightening its oversight of crypto firms, requiring platforms to register, verify user identities, and promptly report any suspicious or high-value transactions.
Experts view the Fintrac action as a clear warning to the entire crypto sector:
“A fine of this scale sends a message — regulators will no longer tolerate noncompliance, especially in cases tied to criminal activity or sanctions,” said a Toronto-based financial analyst.

A Defining Moment for Canada’s Crypto Landscape
The fine against Cryptomus is the largest ever issued by Fintrac, but likely not the last.

Authorities have already hinted at further reviews of other crypto exchanges suspected of similar compliance failures.
While regulators claim the move is meant to protect the integrity of the financial system, some industry insiders warn that overly aggressive enforcement could discourage smaller crypto startups from operating in Canada.


#Canada , #CryptoNews , #Regulation , #bitcoin , #aml

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Platforms like Binance and the broader DeFi space move trillions of assets across blockchains every year, creating huge opportunities — but also increasing risks. From money laundering to wallet hacks, scams, and sanctions evasion, the pressure to stay compliant and secure is higher than ever.
This is where two complementary solutions come into play: StarCompliance and AMLofficer. Used together, they create a full cycle of protection that covers both prevention and recovery.
Why Binance Users Need More Than Basic Security
Decentralized finance and P2P trading on Binance offer unmatched access — borderless payments, yield farming, and around-the-clock liquidity. But blockchain’s open design also makes it easier for scammers and bad actors to move funds undetected.
Everyday traders risk sending funds to unsafe wallets.Businesses risk exposure to illicit funds that could trigger penalties.Institutions risk falling behind fast-changing regulatory demands.
To manage these risks, Binance users need more than just a secure platform. They need tools that help them spot risks early and, if the worst happens, recover losses effectively.
What AMLofficer Brings: Proactive Monitoring
AMLofficer is built for real-time anti-money laundering (AML) checks. Available through both a Telegram bot and a web version, it allows users to register personally via promo code in Telegram bot or sign up directly on the website, including options for business accounts. This way, AMLofficer puts compliance directly in the hands of both companies and everyday Binance users.
Key strengths include:
Wallet risk scoring: Quickly see if a wallet is linked to suspicious activity using multiple AML providers.Transaction monitoring: Track deposits and withdrawals across major blockchains like Bitcoin, Ethereum, BSC, Solana, Litecoin and TRON.Instant alerts: Get notified when risk levels rise, helping users make safer trading decisions.Accessible design: Simple setup, available on mobile, usable by compliance teams and retail traders alike.
In short, AMLofficer helps stop problems before they start by giving visibility into counterparties and transactions.
What StarCompliance Brings: Recovery and Investigation
Even with proactive monitoring tools, risks can’t be completely avoided. Hacks, scams, and theft continue to cost both users and businesses billions each year. This is where StarCompliance plays a vital role.
As a “Crypto Recovery as a Service” (CRAAS) platform, starcompliance.io not only investigates fraud cases and traces stolen funds across multiple blockchains but also works closely with stablecoin issuers to freeze and block fraudulent or stolen money directly on wallets. With a fully operational method for fund recovery, StarCompliance has proven results that set it apart: $500M in volume traced in 2025, $35M recovered and locked, and over 100 successful recovery cases.
Their services include:
Fraud investigation and stolen fund tracing across chains.Forensic blockchain analysis to track how illicit assets move.Partnerships with regulators, legal entities, and stablecoin issuers to maximize recovery chances.AML aggregation to shield businesses from exposure to tainted funds.
For Binance users, this translates into practical security: if a wallet is ever compromised or a transaction goes wrong, there is a clear pathway toward investigation and potential recovery of assets.
The Synergy: Prevention + Recovery
The synergy between AMLofficer and StarCompliance creates a stronger safety net than either platform can provide on its own.
Before a transfer, AMLofficer can check the wallet and warn users about potential risks.
While activity is ongoing, it continues monitoring transactions in real time and highlights suspicious behavior across different blockchains.
If fraud or theft still occurs, StarCompliance takes over with detailed investigation and recovery services.
For businesses, this combination delivers a complete compliance cycle that spans both monitoring and enforcement. For Binance users, it offers reassurance: they can screen wallets before sending funds and rely on expert support if problems arise.
Tangible Benefits for Binance Users and Businesses
The combination of starcompliance.io and AMLofficer delivers:
Safer P2P trades on Binance through proactive wallet scanning.Reduced risk of sanctions exposure with AML monitoring built into daily activity.Faster audits and compliance checks for institutions.A recovery pathway if assets are stolen or lost to fraud.
As crypto adoption accelerates toward trillions in yearly flows, this dual-layer approach — monitoring + recovery — is essential for sustainable growth.
Get Started
Explore starcompliance.io to learn how their investigation and recovery services can protect your assets.Try amlofficer.org for instant wallet monitoring and AML checks you can set up in minutes.
Together, these tools provide enterprise-level compliance and retail-level accessibility — a powerful combination for Binance users, crypto businesses, and anyone serious about wallet security and AML protection.
#crypto #security #CryptoSecurity #StablecoinLaw #aml

Європейський Союз готується до значних змін у криптоіндустрії: з 1 липня 2027 року нові правила протидії відмиванню коштів (AML) заборонять анонімні криптовалютні рахунки та приватні монети, такі як Monero (XMR) і Zcash (ZEC). Відповідно до Регламенту AML (AMLR), банки, фінансові установи та постачальники крипто-послуг (CASPs) не зможуть підтримувати анонімні гаманці чи активи, що приховують дані користувачів. Це рішення спрямоване на підвищення прозорості та боротьбу з незаконною діяльністю в цифровому просторі.
Нова Антигрошова агенція (AMLA) контролюватиме 40 великих криптоплатформ, які діють у щонайменше шести країнах ЄС, з обсягом транзакцій понад 50 млн євро або 20 тис. клієнтів. Транзакції на суму від 1000 євро вимагатимуть обов’язкової верифікації особи. Критики вважають, що такі заходи можуть обмежити інновації та фінансову приватність, тоді як регулятори наполягають на необхідності боротьби з відмиванням коштів.
Ці зміни змусять криптоіндустрію адаптуватися до нових реалій. Слідкуйте за оновленнями у світі криптовалют та підписуйтесь на #MiningUpdates , щоб бути в курсі!
#CryptoRegulation #aml #Eu #CryptoNews

Regulations to apply in 15+ regions including the US and EU from Oct. 29

Starting October 29, the Google Play Store will require crypto wallet app developers in over 15 jurisdictions — including the United States and the European Union — to obtain specific licenses and comply with “industry standards.” The updated policy does not apply to non-custodial wallets.
According to Google’s policy notice, US developers must register as a Money Services Business (MSB) or money transmitter, while those in the EU must register as a Crypto-Asset Service Provider (CASP). In the US, companies registered with FinCEN must also implement a written Anti-Money Laundering (AML) program, which could drive broader adoption of Know Your Customer (KYC) measures.
Following backlash from the crypto community, Google clarified on X that “non-custodial wallets are not in scope” for its Cryptocurrency Exchanges and Software Wallets Policy and promised to update its Help Center to make this explicit.
Google Play has had a tense history with the crypto industry. It banned mining apps in 2018, removed Cointelegraph and Coindesk apps without explanation in 2020, and in 2021, banned eight “deceptive” crypto apps allegedly selling illegitimate cloud mining services.
Currently, Google Play’s blockchain content guidelines highlight four categories for special attention: cryptocurrency exchanges and software wallets, crypto wallets, apps distributing tokenized digital assets, and NFT gamification apps.

#KYC_Know_your_Crypto #aml #Google #CryptoNewss
구글 플레이, 암호화폐 지갑 앱에 신규 라이선스 규정 적용…비수탁형 지갑은 제외

미국·EU 포함 15개 이상 지역에서 라이선스 취득 필요, 10월 29일부터 시행
구글 플레이 스토어가 오는 10월 29일부터 미국과 유럽연합(EU)을 포함한 15개 이상의 지역에서 암호화폐 지갑 앱 개발자들에게 특정 라이선스 취득과 ‘업계 표준’ 준수를 의무화한다. 이번 개정 정책은 비수탁형(Non-custodial) 지갑에는 적용되지 않는다.
구글의 정책 공지에 따르면, 미국 개발자는 자금 서비스 사업(MSB) 또는 송금업자로 등록해야 하며, EU 개발자는 암호자산 서비스 제공업자(CASP)로 등록해야 한다. 미국의 경우 금융범죄단속네트워크(FinCEN)에 등록된 기업은 서면 자금세탁방지(AML) 프로그램을 마련해야 하며, 이로 인해 고객확인(KYC) 절차 강화가 예상된다.
구글은 커뮤니티의 우려와 반발 이후 X(구 트위터)를 통해 “비수탁형 지갑은 이번 규정 적용 대상이 아니다”라고 재차 강조하며, 도움말 센터에도 이를 명시할 것이라고 밝혔다.
구글 플레이는 과거에도 암호화폐 업계와 갈등을 빚어왔다. 2018년 채굴 앱을 금지했고, 2020년에는 코인텔레그래프와 코인데스크 앱을 비롯한 여러 암호화폐 뉴스 앱을 삭제했다. 2021년에는 사기성 클라우드 채굴 서비스를 판매한 8개의 ‘기만적’ 앱을 차단했다.
현재 구글 플레이 스토어에서 특별 관리 대상인 블록체인 관련 앱 유형은 ▲암호화폐 거래소 및 소프트웨어 지갑 ▲암호화폐 지갑 ▲토큰화된 디지털 자산 배포 앱 ▲NFT 게임화 앱 등 네 가지다

“Why does crypto need rules? To stop the bad guys.”
In the world of cryptocurrency, freedom comes with responsibility.
That’s where AML — Anti-Money Laundering — steps in.

🧾 What is AML?
AML stands for Anti-Money Laundering.
It refers to a set of laws, rules, and procedures that prevent criminals from disguising illegally obtained funds as legitimate income, also known as money laundering.

🔍 Why Is AML Important in Crypto?
Cryptocurrencies can be fast, anonymous, and borderless, unfortunately making them attractive for illegal use.
AML regulations help:
👮‍♂️ Detect suspicious activity
🛑 Prevent terrorist financing and fraud
🌐 Protect the integrity of the financial system

🏦 What Does AML Look Like in Practice?
Crypto platforms like Binance must follow AML guidelines by:
KYC (Know Your Customer): Verifying user identityMonitoring transactions: Looking for unusual patternsReporting suspicious activity: To financial authorities

⚠️ Note for Users:
Using a regulated exchange might feel strict, but it helps:
✅ Keep your funds safer
✅ Avoid being used in illegal activity
✅ Build trust in the crypto space

📚 References:
Binance Academy – What is Anti-Money Laundering (AML)?FATF (Financial Action Task Force)

#CryptoForBeginners #AML #AntiMoneyLaundering #RegulationsInCrypto
#KYC $BTC $ETH $BNB

#CryptoNewss В Сенате США опубликована новая версия законопроекта GENIUS Act (S. 1582), которая значительно расширяет юрисдикцию американского финансового регулирования в отношении иностранных эмитентов стейблкоинов. Согласно документу, компании, такие как Tether, будут обязаны соблюдать требования местного законодательства, если предоставляют услуги пользователям из США — вне зависимости от страны регистрации.@Cryptoland_88
Ранее руководство Tether долгое время избегало регулирования, ссылаясь на отсутствие прямого взаимодействия с американскими юрисдикциями. Новый законопроект устраняет эту неопределенность, внедряя принцип экстерриториальности: все поставщики стейблкоинов, обслуживающие резидентов США, автоматически попадают под действие локальных финансовых требований.
Одновременно #GENIUSAct расширяет определение цифровых провайдеров, включая не только централизованные биржи и кастодиальные сервисы, но и разработчиков, валидаторов и разработчиков self-custody-кошельков. Все участники децентрализованных протоколов могут быть обязаны соблюдать требования закона о банковской тайне (Bank Secrecy Act) и правила противодействия отмыванию денег (#aml ). Однако это решение угрожает базовым принципам #defi — автономии и децентрализации.$USDC
Законопроект также вводит механизм безопасной зоны (safe harbor), предоставляющий министру финансов США ограниченное право освобождать малые или экспериментальные проекты от части требований. Однако в экстренных ситуациях Министерство получает возможность единолично вмешиваться, что уже вызвало критику со стороны правозащитников и технологических компаний.$USDP
Согласно инсайдам из Сената, новая редакция отражает закулисные переговоры последних недель. Голосование по началу официального обсуждения не состоялось из-за того, что часть сенаторов не успела ознакомиться с текстом документа.
1) Что такое FUD?
2) Можно ли взломать Биткойн?
3) Что такое спотовая торговля в криптовалюте

Статья носит исключительно информационный характер и не является инвестиционным советом. Благодарю за подписки, лайки, комментарии!

By trading volume, Binance is the biggest cryptocurrency exchange in the world and is trusted by millions of people around the world. But there are rigorous rules that come with immense power. If you break Binance's rules, they could freeze, limit, or ban your account without warning.
Every crypto trader needs to know why Binance blocks accounts and how to prevent getting banned. In this blog article, we'll talk about the most common reasons accounts get banned, give you useful recommendations, and back it up with important data and insights.
🔍 Why does Binance block accounts?
Binance has stringent standards to make sure that everyone follows the law, stops fraud, and keeps the trading environment fair. Binance's platform is safe since it has more than $65 billion in daily trading activity (as of January 2023) and users in more than 180 countries. It uses AI-powered tools, manual reviews, and relationships with regulators to do this.
Binance will not hesitate to limit or ban your account if you break their rules. Here's why:
1️⃣ To follow the rules for KYC and AML:
Binance collaborates with regulators throughout the world to stop illegal financial operations like fraud and money laundering.
2️⃣ To keep users safe:
Market manipulation, scam bots, or bots that aren't approved can hurt the ecosystem.
3️⃣ To keep the platform safe and fair:
Bans are a critical way to make sure the platform runs fairly and safely.
⚠️ The 5 Most Common Reasons Binance Might Block Your Account
Let’s look at the most prevalent reasons for bans and how to avoid them:
1️⃣ Violations of KYC (Know Your Customer) and AML (Anti-Money Laundering)
What It Means:
Binance asks customers to verify their identities using KYC. You could get banned if you don't do KYC or if you do transactions that look suspicious.
Why It's Important:
To stop unlawful activity, Binance follows all the rules for global finance.
Important Fact:
Binance works with governments to enforce anti-money laundering (AML) legislation in more than 100 countries as of 2023. Not doing KYC is a sure way to get your account limited.
How to Stay Safe:
Always finish your KYC check.
Don’t put money into or take money out of wallets that aren’t verified and are linked to criminal activity.
2️⃣ Trading from Areas Where It Is Not Allowed
What It Means:
If you use Binance.com, you can’t use it from the US, North Korea, Syria, or Iran, which are all nations that have been sanctioned or restricted. If you use a VPN to get around these rules, you could get banned right away.
Important:
Binance blocked more than 200,000 accounts in 2021 for breaking trading rules in their area.
How Binance Knows:
Binance can find VPNs and IP address manipulation with the help of powerful geo-location tools.
How to Keep Safe:
Before you sign up, be sure to check Binance’s list of areas that are not allowed.
Don’t use a VPN to go to Binance from countries where it is illegal.
3️⃣ Manipulation of the Market
What It Means:
Pumping and dumping, spoofing, or trading with too many bots are all forms of market manipulation that are not allowed.
Why It Matters:
These actions provide certain people an unfair advantage and make the market less stable. Binance’s computers are taught to spot strange trade patterns.
Important Fact:
In 2022, Binance froze accounts that were part of pump-and-dump scams worth $100 million.
How to Keep Yourself Safe:
Don’t become involved in pump-and-dump operations that are based on social media.
Follow Binance’s rules for trading and do it right.
4️⃣ Bots or account logins that aren't approved
What It Means:
It is against Binance’s rules to use trading bots that have not been approved or to share your account with more than one person.
Why It Matters:
Bots that aren't permitted can take advantage of the platform, and shared logins make it less secure.
Important Fact:
Binance blacklisted more than 10,000 accounts for bot abuse and shared account activities in 2023.
How to Keep Safe:
Only use trading bots that are on Binance’s whitelist.
Don’t share your account login with teammates or friends.
5️⃣ Not paying attention to official warnings
What It Means:
Binance will give you alerts if they think something is wrong with your account. If you don’t listen to these warnings or don’t fix the problems, you could be banned.
Why It Matters:
Warnings give you a chance to remedy problems before your account is limited.
Important Fact:
Reports say that 60% of accounts that were banned didn’t respond to official Binance emails or demands for more information.
How to Keep Safe:
Give Binance emails top priority.
Answer any warnings or requests for clarification right away.
✅ How to Stay Safe and Not Get Banned on Binance
If you follow these simple principles, it’s easy to keep your account safe:
✔ Finish KYC and keep it up to date
Like your passport, KYC is your ticket to trading without any problems.
✔ Don’t use VPNs in areas where they are not allowed
Don’t trade from places where it’s not allowed; it could get you in trouble.
✔ Clean Trade
Don’t engage in unscrupulous trading tactics like pump-and-dump scams or too many bots.
✔ Make sure your account is safe
Never give out your login information or use bots that you don’t have permission to use.
✔ Keep up to date
Read every email Binance sends you; it could save your account.
🛡️ Why Binance Blocks Accounts: A Bigger Picture
Binance doesn’t randomly close accounts. Its main goals are:
Protecting users: Binance makes trading safer by banning accounts that are involved in scams or illegal activity.
Following the rules: Binance has to follow the laws of all the countries where it does business in order to do it legally.
Keeping the market honest: Binance makes sure that trading is fair for everyone by cracking down on manipulation and abuse.
🔄 Binance vs. Decentralized Exchanges (DEXs)
Binance is a centralized exchange (CEX), but some traders like decentralized exchanges (DEXs) better because they don’t have to go through KYC or regional constraints. But DEXs have their own hazards, such as not having customer service and being more likely to be scams.
Important Stats:
Binance is the biggest CEX in the world because it handles $65 billion in daily volume.
Most DEXs, on the other hand, only handle less than $5 billion a day.
Centralized exchanges like Binance provide more liquidity, greater features, and better security, but they also have severe rules.
🚀 Last Word: Be Smart and Stay Sharp
The rules at Binance change even faster than the crypto market does. Every trader needs to know why their account was banned and what they can do to protect it.
In the end, Binance bans accounts to protect the ecosystem, make sure rules are followed, and keep users like you secure. You may have a smooth trading experience on the world’s largest exchange if you obey their regulations, trade fairly, and keep alert.
💡 Tip: Always put security first and keep up with Binance’s rules. The future of crypto is bright. Let’s work together to make it happen!
💬 It's your turn!
What do you think about Binance’s tough rules against bans? Have you ever had any of these triggers or stayed away from them? Please tell us about your experiences in the comments!
#CryptoSafety #KYC #CryptoSecurity #CEXvsDEX101 #AML