Tags: Counter Terrorism Financing

Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the upcoming House Financial Services Committee hearing.

Elliptic, the firm which Wall Street Journal sourced the data from, said it was “pleased” to see the news outlet acknowledge its mistakes.

The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.

The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine.

The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain.

The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.

Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.

The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants.