Money Laundering

Latvia’s BlueOrange Bank Fined For Anti-Money-Laundering Violations

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Financial and Capital Market Commission (FCMC), Latvia’s financial market supervisory quthority fined BlueOrange Bank 1.2 million euros for violating anti-money laundering and terrorism financing rules. BlueOrange Bank, the country’s eighth largest bank by assets, will pay the fine but said it did have sufficient documentation on customers’ transactions. The regulator said the rule breaches related …

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THE CRASH AND SOME THESES ON THE STATE OF THE CRYPTO-MARKET!

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Fintelegrams hypotheses for the status of the crypto market in August 2018: The ICO-hype triggered the price spike in 2017; The hype is over, market consolidates and builds substance; Grey FIAT exodus via OTC provided sufficient liquidity for months, but no longer; Exchange-traded index funds (ETFs) could advance the crypto-market; After the end of the …

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REGULATORY AML-CRACKDOWN ON CRYPTO-EXCHANGES IN JAPAN

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We already reported today that the market capitalization of the cryptocurrencies lost almost US$ 17 billion within 24 hours. Analysts do not believe the ground has been found yet. The market is confronted with considerable uncertainties about the future of cryptocurrencies and regulatory measures are one of these sources of uncertainty. Today there was another …

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