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Regulations

Cryptocurrency Regulations in The United Kingdom (UK)

Cryptoassets like Bitcoin are regulated in the UK only for money laundering purposes. In the UK, the Financial Conduct Authority (FCA) assumed oversight of the cryptocurrency's anti-money laundering (AML) and counter-terrorism financing (CTF) activities.
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Regulations

Overview of the Insurance Industry's AML Compliance

The insurance industry all over the world faces money laundering risks. Due to large fund flows through the insurance industry, insurance companies have to comply with AML regulations.
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Regulations

Disclosure and Implementation of 5AMLD

5. The Money Laundering Directive (5AMLD) seeks to harmonize 4 AMLDs with modern trends and technologies and to strengthen existing rules on transparency and cooperation between financial authorities.
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Regulations

What You Need to Know About Regulations of Cryptocurrency

Cryptocurrencies have been growing year by year. Parallel to this, regulations regarding cryptocurrencies are increasing year by year. AML regulations are one of them.
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Regulations

EU Regulations And Directives

AML Compliance, The European regulation for companies, and users from illegal transactions protective is Money Laundering Directive (6AMLD), which was adopted in the 2015th It is the main legal instrument to prevent the use of the Union's financial system for the purpose of money laundering and terrorist financing.



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Regulations

The Results of FATCA on Foreign Accounts

FATCA is a federal law in the US that demands all American citizens report to the IRS details of any financial accounts if they have any accounts outside the US. In addition, FATCA demands foreign financial institutions to report details about American clients’ accounts to the IRS.



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Regulations

What is The Bank Secrecy Act (BSA)?

The Bank Secrecy Act (BSA) is the United States of America’s most crucial anti-money laundering regulation. BSA serves as the primary tool in the US to enforce financial institutions to assist the government in its efforts to anti-money laundering and other financial crimes.