AML

Hires

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.

Business  ·  18 March 2020
FATF

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 triggering a market consolidation.

Policy & regulation  ·  5 March 2020
Chainalysis

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.

News  ·  12 February 2020
Regulation

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.

Policy & regulation  ·  10 December 2019
Regulation

CipherTrace’s Blockchain Forensics Service Now Covers 700 Crypto Assets

The blockchain analytics provider now offers a window into the data of more than 87 percent of the top 100 cryptocurrencies.

Policy & regulation  ·  15 October 2019
Ethereum

Chainalysis Adds More ERC-20 Tokens to Crypto Sleuthing Service

Chainalysis' expansion brings its compliance and tracking software to a larger swath of ERC-20 tokens.

Tech  ·  3 October 2019
Crime

US House Passes Bill for FinCEN to Study Blockchain Use

The House of Representatives passed legislation calling for FinCEN to study its use of “innovative technologies” — including blockchain.

Policy & regulation  ·  24 September 2019
Regulation

Netki Retools Digital ID Service for FATF’s New Crypto ‘Travel Rule’

Nekti has upgraded its digital ID service to help crypto firms meet the FATF's tough new standards for combating money laundering. 

Policy & regulation  ·  9 September 2019
Switzerland

Swiss Regulator Licenses Two New Blockchain Companies as It Shores up Legal Requirements

Two Swiss startups received broker dealer licenses as FINMA hardens its AML requirements.

Markets  ·  26 August 2019
Bitcoin

MIT-IBM AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were Labeled ‘Illicit’

Blockchain analytics firm Elliptic collaborated with researchers to analyze $6 billion worth of bitcoin transactions.

Policy & regulation  ·  2 August 2019
FATF

All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules

The Financial Action Task Force has officially ruled that crypto firms worldwide must share client data with each other.

Markets  ·  21 June 2019
Regulation

It’s FATF’s Way or the Highway for Crypto Exchanges. That’s a Big Mistake

The crypto industry can fight money launderers effectively, but not the way FATF wants it to, a CEX.IO compliance officer writes.

Policy & regulation  ·  15 June 2019
Exchanges

Rakuten Brings in Compliance Partner for New Crypto Exchange

E-commerce giant Rakuten has partnered with blockchain analytics firm CipherTrace to ensure AML compliance for its soon-to-launch exchange platform.

Policy & regulation  ·  29 May 2019
Exchanges

Facebook Hires Two of Coinbase’s Former Compliance Managers

Facebook has hired two Coinbase vets to work in compliance roles, and at least one is involved in the social network's blockchain effort.

Policy & regulation  ·  14 May 2019
Exchanges

Binance’s Compliance Drive Continues With New Elliptic Partnership

Binance has partnered with blockchain analytics startup Elliptic to combat money laundering as it continues to expand.

Policy & regulation  ·  2 May 2019