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.
Last month, U.S. Treasury Secretary Janet Yellen said central banks should explore creating and issuing sovereign digital currencies. The hypothesis is that such currencies —...
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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