Whether evaluating a counterparty or detecting suspicious behavior across fiat and cryptocurrencies, ComplyAdvantage has it all covered in one platform. By enabling firms to effectively scrutinize their customers’ transactional behavior, transaction monitoring is the foundation of an effective anti-money laundering […]
In 2021 the Bank for International Settlements (BIS) published a report entitled Supervising cryptoassets for anti-money laundering, which has important implications for those working in the crypto space. The BIS promotes international cooperation amongst central banks, and its 63 members account […]
Is Bitcoin in El Salvador legal? Cryptocurrencies: Bitcoin accepted as legal tender Cryptocurrency exchanges: Legal, registration requirements with SSF The government of El Salvador has been debating the use of cryptocurrency in its financial system for years. President Nayib Bukele […]
From Central Bank Digital Currencies (CBDCs) to non-fungible tokens (NFTs) financial service use cases enabled by blockchain are evolving rapidly. For virtual asset service providers (VASPs), the rate of change is both exhilarating and overwhelming. How do you establish best […]
North Korea & cryptocurrency: What you need to know The Democratic People’s Republic of North Korea (DPRK) has a well-documented history of conducting illegal financial activities in order to circumvent the heavy sanctions that are imposed against its totalitarian government. […]
The rise of blockchain technology has facilitated the spread of cryptocurrencies and other types of crypto assets. Secured by cryptographic algorithms and circulated without any need for a central bank authority, cryptocurrencies have disrupted traditional financial systems and are traded […]
FATF’s latest guidance was a reminder to the VA, VASP, Ce/DeFi, and crypto communities that AML/CFT, KYC, TM, and payment transparency (aka “The Travel Rule”) are just as applicable to them as they are to traditional compliance professionals (TCPs). But […]
As a gateway to China, Hong Kong is an important financial destination for businesses across APAC and the world, including numerous fintech service providers dealing in virtual assets such as cryptocurrency. Hong Kong’s regional and global status also makes it […]
Paxos was able to reduce their manual processes and completely automate their onboarding workflow.
Ziglu was able to demonstrate they have the right AML controls in place, when onboarding new customers and receiving their e-money license from the FCA.
Cryptocurrencies (also known as virtual assets) are introducing new possibilities for users across the financial landscape but are also disrupting the way regulators and financial institutions deal with criminal threats such as money laundering and the financing of terrorism. Discover […]
Cryptocurrencies or crypto-assets have gained a lot of popularity over the past few years. In particular, during the latter part of 2017 market capitalizations for many of the more prominent cryptocurrencies reached all-time highs. Along with their increased popularity, cryptocurrencies […]
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