Articles with tag: fatf

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Banks, governments, and crypto industry divided on cryptocurrency risk, survey reveals

02 Oct 2020 | Cryptocurrencies

Professionals in the crypto industry believe that governments are behind the curve on the perceived risks, opportunities, and regulation of cryptocurrency, according to a new survey by RUSI and ACAMS.

RUSI, ACAMS, study, YouGov, FATF, cryptocurrency, crypto risk, money laundering, trafficking, banks, transactions, blockchain

The Wirecard scandal - how digitalisation can be marshalled to tackle money launderers

23 Jul 2020 | Digital Identity, Security & Online Fraud

In the future, banks that are not as internationally networked in money laundering prevention as the perpetrators will remain easy to outsmart

HAWK:AI, AML, CFT, FIU, financial crime, money laundering, Tobias Schweiger, AI, machine learning, digitalisation, fraud prevention, Wirecard scandal, FATF, Bafin, Germany, Wirecard Bank

ING rolls out FATF-friendly protocol for crypto exchanges

24 Jun 2020 | Cryptocurrencies

ING has developed a protocol to assist with the Financial Action Task Force’s Travel Rule requirement for crypto transfers and companies dealing with digital assets.

ING, FATF, protocol, crypto, exchange, crypto transfer, Travel Rule, digital assets, Standard Chartered Bank, Fidelity Digital Assets, BitGo, VASPs, anti-money laundering, InterVASP, IVMS-101, RESTful, API, data transfer

UAE's FIs requested to use regtech to follow AML guidelines

08 May 2020 | Digital Identity, Security & Online Fraud

The United Arab Emirates’ (UAE) regulatory authorities have asked local businesses to implement appropriate fintech and regtech solutions to counter money laundering. 

financial service providers, UAE, regulatory authorities, AML, fintech, regtech, CFT, covid19, outbreak, FATF report, KYC, UAE Pass, Emirates ID, UAE validation platform

Upbit, Chainalysis extend partnership for improved crypto compliance

24 Apr 2020 | Cryptocurrencies

US-based Chainalysis has announced a partnership extension with South Korea-based crypto exchange Upbit to provide blockchain analysis support across APAC.

Upbit, Chainalysis, crypto compliance, US, United States, South Korea, APAC, Thailand, Indonesia, Singapore, crypto exchange, blockchain analysis support, KYT, know your transaction, safe trading environment, anti-money laundering, AML, financial action task force, FATF

Hong Kong to bolster crypto regulations in line with international AML norms

28 Feb 2020 | Cryptocurrencies

Hong Kong may soon bolster its policing of the cryptocurrency sector to better conform with international anti-money laundering (AML) norms, according to CoinDesk.

AML, cryptocurrency, regulation, policy, virtual asset service providers, FATF, Hong Kong, cryptocurrency exchanges

FATF, G20 discuss about security of digital asset transactions

24 Jun 2019 | Cryptocurrencies

The Financial Action Task Force (FATF) has released a new guidance paper covering digital assets and digital asset service providers, G20 following this initiative.

FATF, G20, security, digital assets, transactions, digital asset service providers, financial centers, AML, counter terrorism financing, CTF, exchanges, finance ministers, risks, crypto assets, cryptocurrency, standards, regulations, virtual assets

New AML laws in UAE to face some challenges

21 Feb 2019 | Digital Identity, Security & Online Fraud

The UAE Central Bank’s 2018 updated anti-money laundering (AML) law has been revealed to potentially face some immediate challenges.

AML, laws, UAE, FATF, money laundering, financing, public sector, private sectors, financial system, regulations, onboarding, KYC