Report: Crypto Exchanges Turn To Sanction Screening, Transaction Monitoring To Root Out Cybercrime

AML/KYC Tracker®

Cyptocurrency exchanges are checking customers at the virtual door to stop fraud and money laundering, but they also need strategies to handle fraudsters who launch schemes after onboarding. In the “AML/KYC Tracker®”, a PYMNTS and Trulioo collaboration, Jay Hao, CEO of crypto exchange OKEx, explains why platforms must closely watch sanctions lists and monitor transactions to nip criminal activity in the bud.

Inside the August Tracker
  • An interview with Jay Hao, CEO of cryptocurrency exchange OKEx, on deploying customer authentication and transaction analysis to thwart money laundering schemes
  • Recent headlines from the space, including a report examining why FIs worldwide were fined a total of $10.6 billion for noncompliance with AML, KYC and other regulations as well as news about global digital identity verification solution provider Trulioo’s recent partnerships with four payment providers
  • An in-depth look at how global commerce is going digital, the rise of eCommerce marketplaces and why these platforms are working to bolster their AML and KYC processes to safeguard their customers and stay abreast of any relevant regulations

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