Browsing the "AML" Tag

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

| Yogita Khatri

U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.

Binance Partners With CipherTrace in Latest Compliance Push

| Leigh Cuen

Binance is partnering with the blockchain analytics firm CipherTrace to beef up its anti-money laundering procedures.

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Most Crypto Exchanges Still Don’t Have Clear KYC Policies: Report

| Leigh Cuen

Regtech startup Coinfirm has found that only 26 percent of crypto exchanges have a "high" level of anti-money laundering procedures.

Binance Tightens Compliance, Turning to IdentityMind for KYC

| Yogita Khatri

Binance is moving to boost compliance and data security through a new partnership with Medici Ventures portfolio firm IdentityMind.

Blockchain Sleuthing Startup Chainalysis Raises $30 Million

| Ian Allison

The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm's $16m Series A.

UK Crypto Exchanges Pose Low Money Laundering Risk, Says Global Watchdog

| Yogita Khatri

Crypto exchanges in the U.K. pose a “low” risk for money laundering and terrorist financing, says a report from the Financial Action Task Force.

Crypto Exchanges Should Take a Hard Look at IP Address-Masking Services

| Richard Malish

Cryptocurrency exchanges will likely have to reckon with VPN access as part of any regulatory or law enforcement actions for market manipulation.

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Deltec Chairman Says Tether Letter on Bank Relationship Is ‘Authentic’

| David Floyd

Last week's much-scrutinized letter, in which a Bahamas-based bank appeared to vouch for Tether's balance, has been confirmed as genuine by the bank.

Crypto Exchange Binance Adds Compliance Tools from Chainalysis

| Nikhilesh De

Binance, the biggest cryptocurrency exchange by trading volume, is rolling out new software to aid detection of potentially illicit transactions.

How to Make Public Blockchains Safe for Enterprise Use

| Paul Brody

In order to make public networks secure enough for enterprise use, two key things must happen, says EY's Paul Brody.