Argentina’s Central Bank Demands Personal Details of Country’s Bitcoin Buyers
In an attempt to explore whether further regulation is needed, Argentina s central bank is demanding that financial institutions turn over information on crypto traders.
In brief
Argentina s central bank has sent notice to regional banks in the country to report which customers are buying or holding Bitcoin and other cryptocurrencies.
It s part of a year-long effort to curb illicit Bitcoin trading and further regulate the market within the country.
The Central Bank of Argentina has requested that all banking institutions in the country submit information about customers who have carried out any transaction with Bitcoin or other cryptocurrencies, or hold cryptocurrencies in their digital portfolios.
UAE s Executive Office deploys technical tools to counter financial crimes gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
The Ministry called on the companies practicing such activities to enhance their awareness and knowledge on the risks of money laundering and keep pace with the government's efforts in this regard.
UAE: Full list of fines for money laundering, terror financing
Web Report/Dubai
Photo: Wam
Fines range from Dh50,000 to Dh1 million for 26 violations
The UAE s Ministry of Economy has announced the list of violations and fines for money laundering and terrorism financing. The minisry has issued a list of 26 penalties.
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Grace period extended
The grace period for companies to register in two systems to combat money laundering has been extended till March 31. Companies that fail to register will be subject to penalties, including suspension of licences and closure.
The firms must complete the post-registration procedures to avoid financial penalties. Fines range from Dh50,000 to Dh1 million and can be doubled to up to Dh5 million.
Argentine businessman and associate of former president Néstor Kirchner, Lázaro Báez will not return to jail for the moment. He will continue with an electronic anklet under the modality of house arrest in a house located in a gated community in the suburbs of Buenos Aires.