AML

Spain is finally getting around to amending its AML laws six months after the EU deadline for compliance. The public comment period on that amendment ends today.

By Sandali Handagama

Jun 23, 2020 at 7:36 p.m. UTC

Jun 23, 2020

SpainAMLregulationsAMLD5

Policy

Kyc

FATF Says US 'Largely Compliant' With Virtual Currency Recommendations

A new Financial Action Task Force report says the U.S. is largely in compliance with its recommendations around digital assets, but still has some "minor deficiencies" in its...

By Danny Nelson

Apr 2, 2020 at 7:10 a.m. UTC

Apr 2, 2020

KYCAMLFATFRegulationTravel Rule

Finance

Paypal

PayPal's Financial Crimes Division Is Seeking a Blockchain Expert

The payments giant is seeking a blockchain expert to help identify use cases for the tech in the prevention of financial crimes.

By Anna Baydakova

Mar 18, 2020 at 5:00 p.m. UTC

Mar 18, 2020

PayPalPaymentsHiresComplianceAML

Policy

South korea

South Korean Lawmakers Greenlight Strict Crypto AML Bill

South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially trigger...

By Danny Nelson

Mar 5, 2020 at 9:30 p.m. UTC

Mar 5, 2020

South KoreaAMLFATF

Markets

Compliance

Tether Stablecoin Taps Chainalysis for Anti-Money Laundering Compliance Tools

Tether is using Chainalysis' "Know Your Transaction" tool to create risk profiles for USDT users and monitor potentially suspicious activity.

By Nikhilesh De

Feb 12, 2020 at 9:00 a.m. UTC

Feb 12, 2020

ComplianceAMLTetherChainalysisStablecoins

Markets

Aml

Top 10 US Retail Banks Unknowingly Serve Crypto Startups, CipherTrace Claims

CipherTrace revealed research Monday showing that the top 10 retail banks by assets managed in the U.S. worked with unregistered crypto money services businesses by transmitti...

By Nate DiCamillo

Dec 16, 2019 at 7:35 p.m. UTC

Dec 16, 2019

AMLBankingCipherTrace

Markets

Elliptic

Here's a New Banking Tool for Vetting Crypto Exchanges

Blockchain forensics firm Elliptic is now offering banks a product that aims to provide up-to-date risk profiles of more than 200 of the largest crypto exchanges around the wo...

By Nate DiCamillo

Dec 11, 2019 at 12:00 p.m. UTC

Dec 11, 2019

EllipticKYCAMLBankingSilvergate Bank

u-s-customs-and-border-protection-provide-testimony-at-ms13-hearing

Policy

Fincen

FinCEN Sees Jump in Crypto-Related Suspicious Activity Reports

Crypto companies have filed 7,100 Suspicious Activity Reports since May, America’s anti-money-laundering chief said at a banking conference Tuesday.

By Danny Nelson

Dec 10, 2019 at 11:00 p.m. UTC

Dec 10, 2019

FinCENAMLRegulation

Policy

Kyc

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

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.

By Daniel Palmer

Nov 28, 2019 at 10:42 a.m. UTC

Nov 28, 2019

KYCAMLFATFRegulation