Tagged: anti money laundering

Erik Voorhees, CEO of ShapeShift, Defends Against Money Laundering Accusations in WSJ Article

On September 28th, WSJ.com published an article on cryptocurrency entitled “How Dirty Money Disappears into the Black Hole of Cryptocurrency.” Authors Justin Scheck and Shane Shifflett slammed crypto exchange Shapeshift as complicit in illicit trades deemed to be attempts to launder money with with crypto. Yesterday, Erik Voorhees,… Read More

Two Finance Crime Experts Say North Korea Probably Using Crypto to Skirt US Sanctions

Lourdes Miranda, an independent financial intelligence analyst/financial crimes investigator, and Ross Delston, a lawyer specialized in anti-money laundering, have told the Asia Times that they believe North Korea (DPRK) is probably using cryptocurrency channels to skirt US sanctions. “International criminals everywhere prefer crypto-currencies and the… Read More

AML and Sanctions Compliance Issues Facing Cryptocurrency Companies

Over the past few years, continued advancements in the payments industry and financial services technology have significantly expanded the way money financial transactions are processed and managed.  Banks and payment and technology firms are accelerating efforts to innovate and adapt financial services alternatives to meet… Read More

IdentityMind Global Introduces KYC and Anti-Money Laundering Plug-in for ICOs

IdentityMind Global, Digital Identities You Can Trust, an SaaS platform that builds, maintains and analyzes digital identities worldwide, allowing companies to perform identity proofing, risk-based authentication, regulatory identification, and to detect and prevent identity fraud, announced the immediate availability of its KYC Plug-in for ICOs… Read More

FinTech Australia CEO Issues A Statement on Anti-Money Laundering & Terrorism Financing Laws

Following the Coalition Government’s announcement of its first stage of reforms to strengthen the Anti-Money Laundering and Counter-Terrorism Financing Act, FinTech Australia’s CEO, Danielle Szetho, issued a statement on the situation.  According to a press release issued by the Australian Minister of Justice, the new bill… Read More

SWIFT & Dow Jones Risk & Compliance Publish RegTech Report (Infographic)

A large majority (75%) of anti-money laundering (AML) professionals believe the current geopolitical landscape presents new risks and challenges for preventing financial crime at their organisations, according to a joint survey by SWIFT and Dow Jones Risk & Compliance. To address these risks, more than half… Read More

Complying with AML Laws: Challenges for the Fintech Industry

  “Silicon Valley is coming.  There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking.” This warning came not from a pundit or Silicon Valley lobbyist, but from Jamie Dimon, the Chairman and Chief Executive Officer… Read More

European Securities & Markets Authority Warns on Crowdfunding & Money Laundering / Terrorist Financing

The European Securities & Markets Authority (ESMA) has published a Q&A addressing the potential for nefarious characters to abuse investment crowdfunding to launder cash or provide financing to terrorist organizations.  This is a subject the traditional banking sector knows rather well as they are subjected… Read More

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