Anti-Financial Crime & Financial Crime Compliance
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NEWS: Britain’s FCA for first time uses powers to raid businesses hosting illegal crypto ATMs, agency says

AML: Germany's Federal Financial Supervisory Authority (BaFin) ordered futurum bank AG to remedy shortcomings in its precautions for the prevention of money laundering and terrorist financing. Serious deficits were identified in internal controls and safeguards, in the fulfilment of due diligence requirements and in suspicious transaction reporting at the bank, owned by Bitcoin.

THE UK’s Financial Conduct Authority (FCA) has for the first time used its powers to enter and inspect several sites around Leeds suspected of hosting illegally operated crypto ATMs. The FCA gathered evidence from several sites around the city as part of a joint operation with West Yorkshire Police’s Digital Intelligence and Investigation Unit. Evidence…

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