Topic
Virtual Assets
140 published works
Consumer Finance and Fintech Blog
FinCEN Assesses $3.5 Million Penalty Against Virtual Asset Platform for Alleged BSA Violations
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On December 9, FinCEN announced a consent order imposing a $3.5 million civil money penalty on a peer-to-peer virtual asset trading platform, alleging willful violations of the Bank Secrecy Act. FinCEN…
The Legal Wire
Regulations on protection of intellectual property rights for virtual assets and AI to be supplemented
It is reported that Minister of Science and Technology Nguyen Manh Hung has presented a proposal to the 15th National Assembly to amend the Intellectual Property Law, aiming to support…
Fintechnically Speaking
Vietnam Introduces Pilot Program for Virtual Asset Market: What You Must Know
By Duane Morris
By Dr. Oliver Massmann On September 9, 2025, the Vietnamese Government issued Resolution No. 05/2025/NQ-CP to implement a five-year pilot program for the virtual assets market. This is a significant…
Banking, Finance and Securities
Hong Kong consults on regulatory regimes for virtual asset dealing and custodian services
By Etelka Bogardi (HK), Jeremy Koo
On 27 June 2025, Hong Kong’s Financial Services and Treasury Bureau (FSTB) and Securities and Futures Commission (SFC) jointly published public consultation papers to expand Hong Kong’s regulatory regime for…
Banking, Finance and Securities
FATF’s sixth report on jurisdictions’ compliance with FATF Recommendation 15
On 26 June 2025, the Financial Action Task Force (FATF) published its sixth report on the global implementation of the FATF Standards for virtual assets (VAs) and virtual asset service…
InsureReinsure
NYDFS Warns of Heightened Risk From Global Conflicts: What Regulated Entities Must Do Now
By Ryan Last
On June 23, the New York State Department of Financial Services (NYDFS) issued an industry letter to all regulated entities — banks, insurers, money transmitters, virtual currency companies, and others…
Banking, Finance and Securities
FATF updates Travel Rule
On 18 June 2025, the Financial Action Task Force (FATF) announced that changes to Recommendation 16 of the FATF standard, also referred to as the 'Travel Rule' in the context…
Banking, Finance and Securities
Hong Kong’s Stablecoins Sprint: Historic Bill Passes, Draft Licensee Guidelines Released, and AML/CFT Consultation Begins
By Etelka Bogardi (HK), Nina Stammbach
On 21 May 2025, Hong Kong’s Legislative Council passed the Stablecoins Bill (Bill) to establish a new regulatory regime for activities involving fiat-referenced stablecoins, which is set to take effect…
Shufti Pro Blog
12 Money Laundering Red Flags Finance Teams Must Watch in 2025
By BECKY P.
The 2025 Threat Landscape Regulators levied US $4.6 billion in AML fines across 52 enforcement actions in 2024, a 31 % year-on-year jump. The EU’s new single-rulebook AML package entered…
AGP & Co Insights
Cayman Islands: A Prime Destination for Virtual Asset Service Providers (VASPs)
Virtual Asset Service Providers (VASPs), as outlined by the Financial Action Task Force (FATF), are entities that engage in virtual asset-related services. Their functions include facilitating conversions between virtual assets…