Browsing the "AML" Tag

MIT

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.

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

| Anna Baydakova and Nikhilesh De

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

gavel, court

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.

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.

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.

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.

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.

hacker, dark web

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

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