Anti-Money Laundering
Coverage of Anti-Money Laundering in the Nexus archive.
- Jaiz Bank’s regulatory penalties surge to N530.9 million in 2025
Jaiz Bank faced regulatory penalties totaling N530.9 million in 2025 due to breaches including anti-money laundering failures, customer due diligence violations, and filing infractions. The sanctions were imposed by the Central Bank of Nigeria (CBN) and the Nigerian Exchange Group (NGX).
- European Union’s ESMA Orders Unlicensed Crypto Firms to Exit EU Market as MiCA Deadline Arrives
The European Securities and Markets Authority (ESMA) has ordered unlicensed crypto firms to cease operations in the EU by July 1, 2026, under the Markets in Crypto-Assets (MiCA) regulation. Unauthorized firms must stop acquiring new clients, halt marketing, and wind down existing services, with strict compliance on anti-money laundering rules during the exit process.
- Vivek Aggarwal appointed Financial Action Task Force vice-president
Vivek Aggarwal has been appointed as the vice-president of the Financial Action Task Force. His current role is as Secretary in the Culture Ministry, and his appointment is seen as significant for India's involvement in global financial governance and efforts against money laundering and terrorist financing.
- JPMorgan Chase CEO Jamie Dimon Declares War on Clarity Act, Calls Coinbase’s Armstrong ‘Full of Sh*t’
JPMorgan Chase CEO Jamie Dimon criticized the Clarity Act, arguing it allows crypto firms to operate without banking regulations, and accused Coinbase CEO Brian Armstrong of pushing the legislation with significant funding. Dimon emphasized that crypto platforms offering services akin to banks should face equivalent oversight, including AML compliance and FDIC insurance, calling Armstrong's efforts 'full of sh*t.'
- Congress, close the crypto crime gap — before criminals get there first
Americans lost nearly $21 billion to fraud in 2022, with cryptocurrency-related scams being the largest contributor. The article urges Congress to close regulatory gaps by applying anti-money laundering and Bank Secrecy Act standards to digital asset platforms, similar to traditional banks.
- KuCoin EU hires anti-money laundering talent to appease Austrian regulator
KuCoin EU has hired anti-money laundering experts to meet regulatory requirements and appease the Austrian financial authority. This move aims to strengthen compliance measures and align with local regulations.
- AML crackdown eclipses securities enforcement as crypto’s top regulatory risk: Report
US Anti-Money Laundering (AML) fines reached $1.06B in H1 2025 as regulatory enforcement shifted from securities cases to AML, with Basel rules and mandatory audits significantly impacting crypto compliance, according to CertiK.
- Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows
Senator Richard Blumenthal (D-Conn.) is pressuring the DOJ and Treasury's FinCEN to disclose the status of monitors overseeing Binance after $1.7 billion in Iran-linked crypto flows. The monitors, part of a 2023 $4.3 billion settlement with Binance over compliance failures, are tasked with ensuring the exchange improves its anti-money laundering and sanctions enforcement.