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Weekly Roundup: Stablecoin Bill Advances, Malta Fines OKX, and More

Stablecoin legislation cleared the U.S. House Financial Services Committee with bipartisan support, but without a trio of anti-money laundering-related amendments, ACAMS moneylaundering.com reported. More OKX, the world’s fifth-largest cryptocurrency exchange, incurred a €1.1 million fine for violating anti-money laundering rules in Malta six weeks after pleading guilty in New York to failing to register as a money services business and screen billions of dollars of transactions, ACAMS moneylaundering.com reported. More The National Crime Agency urged Britain's Sentencing Council to issue guidance for judges in criminal trials to ensure that money launderers receive prison terms closer to the current maximum of...

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