SkyCity Adelaide has been fined $21 million by South Australia's gambling regulator for failing to meet anti-money laundering and harm minimisation obligations. The casino must also phase out cash transactions over $4,999 and implement significant governance changes.
Russia has sanctioned 17-year-old British student Alexander Browder for his report on alleged money laundering via cryptocurrency 'A7A5' to fund the Ukraine war. Browder, son of activist Bill Browder, sees the sanction as proof of his work's effectiveness.
South Korea's National Police Agency has partnered with the country's five largest virtual asset exchanges to combat money laundering from phishing crimes. The collaboration aims to block the use of cryptocurrencies to launder illicit funds by establishing a real-time data sharing system.
Crypto executives, policy researchers, and national security experts testified before a House subcommittee on modernizing anti-money laundering laws for AI and digital assets. Witnesses discussed the Bank Secrecy Act's limitations and proposed reforms.
The CLARITY Act is heading back to the Senate Banking Committee on May 14 after months of stalled negotiations, putting a small group of Democrats at the center of the crypto industry’s push for a federal market-structure law. The markup comes after the bill was slowed by disputes over stablecoin rewards, anti-money laundering safeguards and […] The post CLARITY Act’s markup progress now hinges on these Democrat lawmakers appeared first on CryptoSlate.
AML enforcement has overtaken securities violations as the leading regulatory threat for crypto companies, with DOJ and FinCEN imposing over $1 billion in AML-related fines during H1 2025. SEC crypto-specific penalties collapsed 97% year-over-year, dropping from $4.9 billion in 2024 to $142 million in 2025. Major settlements include OKX ($504M) and KuCoin ($297M) for BSA violations. The shift reflects US administration policy changes and broader global regulatory trends, including 767% surge in European AML fines and 400% growth in sanctions-related crypto volume.
South Korea and the United States have agreed to enhance cooperation to fight money laundering in the Asia-Pacific region. KoFIU Commissioner Lee Hyung-ju met with FinCEN Director Andrea Gacki in Washington this week, discussing online scams in Southeast Asian countries involving Korean nationals and the need for stronger transnational cooperation with the private sector for early detection.
A letter from US Senator Richard Blumenthal said he was concerned about “mounting allegations of dangerously lax anti-money laundering prevention by Binance.”
