Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
Identity verification provider Acuant has partnered with blockchain software firm Scalable Solutions to create a platform that provides anti-money laundering (AML) and know your customer...
Bithumb has banned users from nations without proper anti-money laundering (AML) rules, The Korea Herald reported Tuesday (March 9). The ban extends to 21 countries,...
Financial institutions (FIs) face a dizzying array of cybercrime threats such as account takeovers and botnets that require multilayered defenses, but ensuring these layers cooperate...
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The need to stay compliant while respecting user privacy concerns has forced cryptocurrency exchanges to rethink their approach to KYC. In this month’s AML/KYC Tracker,...
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Fraudsters follow the money. Take, for example, the Super Bowl. About half of all Americans were expected to place some kind of wager on the...
In a bid to bring better transparency to corporate actions — and reduce fraud — in the digital age, the regulatory landscape is shifting. Get...