The latest Bank of America and American Express AML penalties repeat the failures exposed at ING in 2018. EFRI calls for credible licence restrictions, personal accountability and compensation for victims.
We have reviewed excerpts from the criminal case files concerning B2G GmbH. These records show that although BaFin had been aware of the laundering activities of Oleg Shvartsman and Rainer Treuer since November 2017, no SARs were filed with the FIU and/or law enforcement, and payment rails remained open until
On 3 December 2025, the Court of Appeal in The Hague granted the Dutch prosecutor’s request to stop the criminal prosecution of ING’s former CEO in the so-called “Houston” money-laundering case (ECLI:NL:GHDHA:2025:2436). From now on, it is clear: after almost a decade of debate around ING’s role in massive AML
On 27 November 2025, the Austrian Financial Market Authority (FMA) granted KuCoin EU Exchange GmbH a a licence as a crypto-asset service provider (CASP) under the MiCA regime for CASPs (Title V MiCA). With this single administrative act, KuCoin obtains EU-wide passporting rights: from Vienna, it can now offer regulated
The Coin Center report “Tear Down this Walled Garden: American Values and Digital Identity” argues that our current AML/KYC identity system is expensive, privacy-invasive, and largely useless against real crime – and that open, decentralised digital identity built on cryptography and blockchains could do much better. Coin Center is a
