Israel introduces new anti-money laundering rules
Israeli regulators are already considering applications from several cryptocurrency companies for licenses under the new AML rules. The new Anti-Money Laundering and Terrorist Financing (AML) guidelines set out provisions for user identification and verification and customer recognition procedures. The regulations list the reporting obligations to the authorities that control the activities of users, including reports on standard work and unplanned events in a cryptocurrency company. The rules are accompanied by instructions for keeping records and…
