Tag: aml

Nov 22 2021

Nov 16 2021

Israel Reportedly Adopts Strict AML Regulations for Cryptocurrency Transactions

The country plans to stop the use of crypto assets in the illegal transfer of money.

Nov 15 2021

Kirobo Signs Partnership with PureFi to Bolster AML Compliance Systems

Both parties expect to extend further their respective collaboration by integrating new elements at any time soon.

Oct 26 2021

ComplyAdvantage and Elliptic Collaborate for Blockchain Analysis

The new blockchain analysis and transaction monitoring tool will support crypto firms in the detection of financial crime.

Sep 23 2021

Aug 26 2021

El Salvador’s Central Bank Issues Guidelines For Banks, Raises Questions

El Salvador’s Central Bank opened the door for banks to develop their own wallets. The organization published the "Guidelines for the Authorization and Operation of Digital Wallet Platforms...

Aug 18 2021

Aug 15 2021

KYC Will Not Protect Us, Bitcoin And Encryption Will

Aug 15 2021 Published at Bitcoin Magazine under tags  aml culture encryption kyc personal data

As regulators attempt to institute KYC and AML rules at the peril of our personal data, Bitcoin and encryption offer salvation.Our world is filled with atrocious threats, crimes and violence. Human trafficking, child abuse, state- sponsored violence, terrorism and a laundry list of other heinous acts require tools to fight back and ultimately reduce their frequency to as close to zero as possible....

Jul 29 2021

German Court: No 3rd Party Confiscation for Crypto Exchanges

Dr Philipp Gehrmann and Dr Arne Klaas classify the legal background and effects of active German crypto exchanges.

Jul 22 2021

Jul 20 2021

Jul 13 2021

Just-In: Korean Regulators Extend AML Guidelines for Foreign Crypto Exchanges

Jul 13 2021 Published at Coingape under tags  aml btcbrl btcbusd btcdai btceur

South Korean regulators continue to impose strict regulatory policies around the crypto space. Financial Services Commission (FSC), the top regulatory body in the country is now targeting foreign crypto exchanges using the national Korean Fiat. The chief regulator said any foreign exchange serving Korean customers must register with the country's anti-money laundering body. The comments The post Just-In: Korean Regulators Extend AML Guidelines...

Jun 11 2021

Indian Crypto Exchange WazirX at the Center of an Alleged $38M Money Laundering Investigation

Jun 11 2021 Published at Coingape under tags  aml ed india india crypto news

WazirX, the top crypto India exchange is at the center of a $38 million money- laundering investigation...

May 11 2021

Inside The Caribbean Villas Using Bitcoin To Advance Financial Freedom

May 11 2021 Published at Bitcoin Magazine under tags  aml caribbean culture island one bequia

The One Bequia development is bringing Bitcoin to the Caribbean, a place that is grossly underserved by international financial institutions.The Caribbean is a region that underscores the global inequality of access to the international financial system.It’s a place full of unique natural resources, hard-working people and destinations sought by tourists from around the world. But its economies have been...

May 03 2021

In-Person ID Check To Become Mandatory For Bitcoin Exchange Users In Thailand

Thailand is reportedly preparing to mandate in-person, “dip-chip” AML verifications before opening local bitcoin exchange accounts.The government of Thailand will require local cryptocurrency exchanges to verify their customers’ identity in person using a “dip-chip” machine that registers identification cards.The country’s Anti-Money Laundering Office (AMLO) will be instituting in September, according to...

Mar 22 2021

FATF Recommends Heightened Restrictions On Virtual Assets And Service Providers

Mar 22 2021 Published at Bitcoin Magazine under tags  aml business fatf kyc regulation

In its updated guidance on virtual assets and virtual asset service providers, the FATF recommends requiring more strict KYC/AML measures.The Financial Action Task Force (FATF) has updated its “Guidance for a risk-based approach to virtual assets...

Mar 01 2021

What is KYC?

Mar 01 2021 Published at Bitcoin Magazine under tags  101 aml bisq exchanges hodl hodl

Know Your Customer (KYC) guidelines are requirements that compel financial services providers to make an effort to identify their customers. Fulfilling KYC requirements often includes gathering personal information about these customers by asking them to submit...

Jan 14 2021

Dec 19 2020

Just In: FinCEN “Technically” Prohibits Public Comments on Newly Proposed Crypto Wallet Regulations

Dec 19 2020 Published at Coingape under tags  aml btcbrl btcbusd btcjpy btcusd

The much-awaited regulations around crypto wallets that would extend AML regulations to non-custodial wallets were finally released by the Financial...

Newly Proposed Crypto Regulations “Unlikely” To Hamper Coming Bull Run

For the last few weeks, the blockchain community had been waiting for the new regulations that were rumored to be proposed imminently. There were widespread speculations about their nature and effect on blockchain's future. A lot of worse case ideas were being heard, including those hinting at an end to private custody or sort of a blanket wallet ban. They were finally proposed...

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