Category: AML
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FinCEN leak suggests new AML measures may not go far enough… for banks
The leaked documents show many banks ‘enabling’ money laundering.
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Illicit crypto transactions are getting more attention from the government
The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity.
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BRD’s enterprise banking blockchain boosted by new compliance strategy
Crypto wallet provider BRD partners with Ciphertrace, Chainalysis and others to boost its banking enterprise solution.
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Privacy coins ‘pose less risk of money laundering than other coins’
Privacy coins aren’t a major money laundering risk a new white paper argues.
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Binance sued for allegedly facilitating money laundering with ‘lax KYC’
Binance’s lax KYC requirements are creating more legal problems for the exchange.
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How banks are integrating crypto AML software for compliance
Virtual asset service providers (VASPs) are looking for effective cryptocurrency compliance solutions as new regulations are introduced globally to combat illicit activity on the blockchain. What solutions are available to them?
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FATF hints at Binance as example of an exchange avoiding regulation
The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance.
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AnChain.AI and Bluehelix partner for compliance solutions
The platform hopes to help in meeting AML standards.
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Qatar’s National Solarized Fintech Strategy Amid COVID-19 Pandemic
The COVID-19 pandemic might help to further Qatar’s national strategy in the fintech and blockchain spaces to reduce the crisis’s impact.
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Singapore: Code of Practice Offers Practical Guidance for Crypto License Applications
Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements.