Cracking down on illicit money, fines hit crypto and fintech

January 10, 2024
1 min read

The global crackdown on illicit money has resulted in crypto and fintech groups being fined a total of $5.8 billion. The fines have come from regulators around the world as they increase efforts to combat money laundering and other financial crimes. The fines have been levied against a range of companies, including cryptocurrency exchanges, payment processors, and digital wallet providers. The crackdown is part of a wider effort by global regulators to tighten regulation of the crypto industry.

Previous Story

Fujitsu may encounter ‘cash penalties’ in Post Office scandal

Next Story

XTB UK boosts leadership with experienced finance guru.

Latest from Blog

Japan Fintech: JFSA’s Perspective

TLDR: Shigeru Ariizumi, Vice Minister for International Affairs at Japan Financial Services Agency, discusses the future of fintech regulations and opportunities in