AML

https://www.shutterstock.com/image-photo/digital-binary-data-streaming-code-on-1037725498Security

CipherTrace’s Blockchain Forensics Service Now Covers 700 Crypto Assets

William FoxleyOct 15, 2019

The blockchain analytics provider now offers a window into the data of more than 87 percent of the top 100 cryptocurrencies.

https://www.flickr.com/photos/94861732@N04/48235923616/in/photolist-2guTRPn-2guTobW-2guSe3n-2guT5ak-2guTRBy-2guToiK-2guToeM-2guSegZ-2guSef1-2guSGnD-2guSeon-2gurHzsEthereum

Chainalysis Adds More ERC-20 Tokens to Crypto Sleuthing Service

Danny NelsonOct 3, 2019

Chainalysis' expansion brings its compliance and tracking software to a larger swath of ERC-20 tokens.

https://www.shutterstock.com/image-photo/close-group-papermen-standing-row-lots-229417048?src=AiGLXlI2wC67m48TW5X0bQ-1-21Regulation

A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace

Daniel PalmerNov 28, 2019

Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said.

Crime

US House Passes Bill for FinCEN to Study Blockchain Use

Danny NelsonSep 24, 2019

The House of Representatives passed legislation calling for FinCEN to study its use of “innovative technologies” — including blockchain.

Crime

Netki Retools Digital ID Service for FATF’s New Crypto ‘Travel Rule’

Nathan DiCamilloSep 9, 2019

Nekti has upgraded its digital ID service to help crypto firms meet the FATF's tough new standards for combating money laundering. 

Switzerland

Swiss Regulator Licenses Two New Blockchain Companies as It Shores up Legal Requirements

John Biggs

Two Swiss startups received broker dealer licenses as FINMA hardens its AML requirements.

Crime

MIT-IBM AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were Labeled ‘Illicit’

Leigh Cuen

Blockchain analytics firm Elliptic collaborated with researchers to analyze $6 billion worth of bitcoin transactions.

KYC

All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules

Anna BaydakovaNikhilesh De

The Financial Action Task Force has officially ruled that crypto firms worldwide must share client data with each other.

Crime

It’s FATF’s Way or the Highway for Crypto Exchanges. That’s a Big Mistake

Serhii Mokhniev

The crypto industry can fight money launderers effectively, but not the way FATF wants it to, a CEX.IO compliance officer writes.

Exchanges

Rakuten Brings in Compliance Partner for New Crypto Exchange

Yogita Khatri

E-commerce giant Rakuten has partnered with blockchain analytics firm CipherTrace to ensure AML compliance for its soon-to-launch exchange platform.

Coinbase

Facebook Hires Two of Coinbase’s Former Compliance Managers

Marc Hochstein

Facebook has hired two Coinbase vets to work in compliance roles, and at least one is involved in the social network's blockchain effort.

Security

Binance’s Compliance Drive Continues With New Elliptic Partnership

Yogita Khatri

Binance has partnered with blockchain analytics startup Elliptic to combat money laundering as it continues to expand.

Crime

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.

Security

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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