News
Dubbed “Transparent Blockchain,” Russia’s new crypto analytics system is designed to fight illicit activity related to crypto.
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AML News
Anti-money laundering or AML is a set of regulations, instructions, laws and procedures, established to prevent the practice of generating illegal income and its legalization through specially designed actions. AML regulations oblige companies and financial institutions to vet their customers through due-diligence procedures and prove the legal source of a customer’s assets. Financial institutions must verify the origin of large sums of money, track suspicious activities and report large cash transactions. It’s also the responsibility of institutions to notify customers about AML practices and required procedures. AML is considered to be not only useful in stopping money laundering itself, but also in preventing illegal activities by discovering the source of this money, and helps to trace criminals through the tracking of financial flows. Still, AML is a strain on companies and may cause its development to slow down.
- Analysis
Compliance with FATF’s travel rule presents major technical difficulties, but the blockchain industry is best-equipped to overcome them.
5000 - Expert Take
Basic recommendations for those who are considering incorporating crypto business in Estonia.
2226 - Opinion
Despite the significant growth of decentralized crypto exchanges, their centralized counterparts still control the majority of industry trade volume.
4530 - Opinion
Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk.
3363 - News
LocalBitcoins has partnered with blockchain intelligence firm Elliptic to gain access to new blockchain monitoring tools that can help prevent the illicit use of its services.
2708 - News
Russia’s central bank argues that crypto purchases are not considered an investment.
3206 - News
Japanese exchange Liquid is not closed to the idea of relisting Zcash, an asset the outfit recently delisted due to regulatory precaution.
5762 - News
Japanese exchange Liquid officially announced the delisting of 27 assets, citing regulatory precautions.
7240 - Opinion
Operating a Bitcoin ATM could indeed be a lucrative business endeavor, but it just got a whole lot more complex.
3620 - News
Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury.
2942 - News
Liquid exchange plans to delist major privacy coin Zcash in an effort to play nice with Singaporean regulators.
9429 - News
CEO Michael Ou says Elliptic’s wallet screening tools with CoolBitX’s Sygna Bridge could help firms comply with the FATF travel rule.
4795 - Opinion
The European Union’s 5AMLD has been adopted as the first regulation in Romania of virtual currencies, crypto-wallets and fiat-crypto exchange platforms.
10824 - News
Trulioo said improving compliance for AML and KYC can be a big differentiator for crypto companies.
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