Anti-Money Laundering Archives

How blockchain solutions can combat blockchain-related crimes, as explained by PwC partner Vikas Agarwal

-

16 June, 2021

How blockchain solutions can combat blockchain-related crimes, as explained by PwC partner Vikas Agarwal

The increase in individuals looking to use digital currencies to evade the law has led to many innovative solutions, such...

UK regulator extends registration deadline for digital currency firms to March 2022

Business

Steve Kaaru

-

9 June, 2021

UK regulator extends registration deadline for digital currency firms to March 2022

The Financial Conduct Authority is extending the period in which it will allow digital currency companies to operate even if...

UK minister: Digital currency companies falling short on AML obligations

Business

Ed Drake

-

4 June, 2021

UK minister: Digital currency companies falling short on AML obligations

John Glen said there had been significant difficulties in registering digital currency companies under the regulations, resulting in a majority...

Asian racetracks urge crackdown on digital currency-based betting

Business

Steven Stradbrooke

-

1 June, 2021

Asian racetracks urge crackdown on digital currency-based betting

The report warns of digital currency’s capacity to evade scrutiny by gambling regulators and financial watchdogs, thereby “facilitating avoidance” of...

Business

Steve Kaaru

-

5 May, 2021

Thailand requires in-person KYC for new digital currency exchange signups

The Thai Anti-Money Laundering Office has mandated all exchanges to use the dip-chip machine, which scans a chip embedded on...

Irish digital currency firms now obliged to register with central bank

Business

Ed Drake

-

30 April, 2021

Irish digital currency firms now obliged to register with central bank

Companies considered to be Virtual Asset Service Providers (VASPs) are now required to adhere to the same rules as other...

South Korea pledges crackdown on money laundering via digital currencies

Business

Ed Drake

-

23 April, 2021

South Korea pledges crackdown on money laundering via digital currencies

The South Korean government is reportedly preparing to ramp up regulation against digital currency, in a bid to more readily...

Pakistan is studying CBDC for financial inclusion

Business

Steve Kaaru

-

14 April, 2021

Pakistan is studying CBDC for financial inclusion

The governor of the State Bank of Pakistan believes that a state-back digital rupee can bring two-fold benefits to the...

Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool

Business

Steve Kaaru

-

13 April, 2021

Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool

Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as...

Marathon mining pool promises to be ‘fully’ regulatory compliant

Tech

Jacob Rozen

-

7 April, 2021

Marathon mining pool promises to be ‘fully’ regulatory compliant

Marathon promises to ensure the transactions processed by its pool satisfy regulatory requirements by using "Blockseer pool technology" licensed by...

South Korea new AML rules for digital currency comes into effect

Business

Ed Drake

-

26 March, 2021

South Korea new AML rules for digital currency comes into effect

Senior officials in South Korea have approved measures that will introduce a raft of new anti-money laundering provisions for digital...

Financial Action Task Force releases updated guidance

Business

Jordan Atkins

-

23 March, 2021

Financial Action Task Force releases updated guidance

The revised guidance comes after a 12-month review of the initial release, which found that some jurisdictions’ AML and CFT...

Anti-Money Laundering

Recent

Trending

Most Views