Browsing the "AML" Tag

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.

bahamas beach caribbean offshore

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.

There’s a Huge Opportunity for Everyone in Crypto, It’s Called KYC/AML

| Bruce Silcoff

If our goal is mass adoption, blockchain and crypto firms should work closely with regulators and come up with new ways to solve big thorny problems.

There’s a Bigger Scam Than Anything in Crypto, It’s Called KYC/AML

| Edan Yago

Anti-money-laundering and know-your-customer practices have cost many billions more than all ICO scams put together – yet, what they have produced?

Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts

| Wolfie Zhao

Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.

unisphere, globe

Privacy Is Vital to Crypto – And the Global Economy

| Michael J Casey

Privacy is needed to enhance the "moneyness" of cryptocurrency. As it is, our entire global system of money has also seen its fungibility deteriorate.

Taiwan Eyes November Deadline for Bitcoin AML Regulation

| Wolfie Zhao

Taiwan will formally regulate bitcoin under anti-money laundering rules by the end of the year, says its minister of justice.