Elliptic Connect: French Regulators Focus on DeFi and Oversight of Crypto Firms
French Regulators Focus on DeFi and Oversight of Crypto Firms
Regulators in France are exploring the implications of decentralized finance (DeFi) and other supervisory challenges presented by cryptoassets, as the country jockeys to become a leader in crypto innovation.?
On June 19th, the Autorité des Marchés Financiers (AMF) – France’s market supervisory agency – issued a report on DeFi examining the challenges that French regulators will face when grappling with this rapidly growing component of the crypto ecosystem.
How Blockchain Analytics Uncovered China’s Illicit Fentanyl Trade
In this blog, we examine how blockchain analytics tools work, and how they were used to identify key suppliers powering the illicit fentanyl trade in the United States.?
Follow this link to read more, and pre-register for our upcoming report – The Use of Crypto in Fentanyl Trafficking – for a full deep-dive into crypto’s role across the supply chain.
The Crypto Dilemma faced By Australian Banks and Regulators
On June 7th 2023, the Australian Transactions Reports and Analysis Centre (AUSTRAC) released guidance outlining the risk-based approach to anti-money laundering/countering the financing of terrorism (AML/CFT) regulation.?
What is critical and alluded to in AUSTRAC’s guidance is the building of a relationship of trust between FIs and higher-risk businesses, and to the same extent, between the industry and relevant regulators. For this to happen, it takes two hands to clap. While there has been a breakdown due to global events in the past year, the process of rebuilding trust must start somewhere – why not Australia?
Older People in UK Being Exploited as Money Mules
According to the credit reference agency Experian, a new front has opened up against older people in the United Kingdom: an increasing number of people in their 50s and 60s are being exploited as money mules. This typology involves victims’ bank accounts unwittingly being used to move illicit funds.
Fortunately, the concept of money mules – and their many iterations – is one that we explore in our newly published Typologies Report.
领英推荐
Join our esteemed guest, Elizabeth Wong, Director of Licensing and the Head of Fintech Unit at the Hong Kong Securities and Futures Commission (SFC), in a virtual fireside chat with Tung Li Lim, Senior Policy Advisor APAC at Elliptic.
The pair will discuss the key requirements of the licensing regime for VATPs and cover topics relevant to applicants and existing players, such as retail access, dual licensing, and the transitional arrangements.
Join members of Elliptic’s Global Advisory and Product teams in this session as they provide an overview of the findings from our Typologies Report 2023.
Here, they will detail the most complex emerging crypto crime typologies from the past year, and provide practical insights into how your team can better uncover these types of criminal behaviors.
From the team
Spotlight on... Mexico
Join us as we take a deep dive into crypto regulations in Mexico, a country where cryptocurrencies are not legal tender. While not considered “money” per se, those who convert virtual assets into fiat currency or vice versa, custody, storage, or transfer cryptocurrencies must comply with anti-money laundering laws.
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