Tagged: kyc

SWIFT Set to Open KYC Registry For Corporates

SWIFT, a global member-owned cooperative and provider of secure financial messaging services, announced on Tuesday it is set to launch Know Your Customers (KYC) Registry for corporates. SWIFT reported that in a first step, from the fourth quarter of 2019, all 2,000 SWIFT-connected corporate groups… Read More

CipherTrace Report: Bad Actors Scammed and Stole $1.7 Billion in Cryptocurrency in 2018 – and the Fraud is Predicted to Get Bigger

CipherTrace is out with a report on cryptocurrency scams and fraud. It is widely known that crypto suffers from rampant acts of theft and cons as these digital assets have become the targets of global criminals seeking an easy payday or simply to launder illicit… Read More

Binance Selects Refinitiv to Provide KYC Automation for Crypto Exchange

Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, announced this week it will be providing an automated Know Your Customer (KYC) application to cryptocurrency exchange, Binance. According to Refinitiv, the KYC solution will enable Binance to integrate the advanced functionalities of World-Check into their internal… Read More

Winklevoss Twins Suing Charlie Shrem, Say He Owes 5000 Bitcoins

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Lawyers for the Winklevoss twins want to know where “Bitcoin’s first felon” Charlie Shrem’s money is coming from, and are suing him for 5000 bitcoins they say he owes their clients, the New York Times (NYT) reports. Shrem and a partner from England started Bitinstant in… Read More

KYC is Broken and Should Be Put Out of its Misery

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Background checks are broken. They’re necessary, especially when verifying personnel for sensitive positions, but right now, the system is broken. It’s a really lucrative business if you’re a background check company, because the system is great at exploiting companies checking applicants and creating more work… Read More

Is Regulation Killing The Blockchain? How Blockchain Can Adapt to New Laws While Sticking to its Original Principles

The blockchain has revolutionized a number of industries, but none so much as the financial sector. From equity crowdfunding platforms which allow users to buy shares in projects with tokens, to startups raising funds through initial coin offerings (ICOs), to token exchanges where users can… Read More

Binance Opts for Chainalysis’ KYC & AML Compliance Solutions: Building Trust

Chainalysis, a cryptocurrency compliance and investigation solutions provider, has completed a global roll-out of its compliance solution with Binance, the world’s largest cryptocurrency exchange by trade volume, to help address the challenges at the intersection of cryptocurrencies, regulators and traditional financial institutions. “Cryptocurrency businesses of… Read More

CipherTrace Publishes Report on Cryptocurrency Money Laundering, say Crypto Theft on the Rise

Q2 2018 Sees Increase in Crypto Theft and in Cryptocurrency Money Laundering CipherTrace has published a report on Crypto Theft and money laundering. Their research covers the second quarter of 2018 and according to the document there has been a dramatic rise in Crypto crime… Read More

Canada Proposes New AML / KYC Rules to Better Manage New World of Virtual Currencies

The Canadian Government, under the auspices of the Department of Finance, has published a series of updated rules to strengthen Canada’s AML / ATF Regime that includes regulating businesses dealing in virtual currency. The Canadian government states that the fast changing financial services industry is being… Read More

Regtech Cynopsis Creates Subsidiary Traceto.io to Handle ICO KYC / AML

Stating that Cynopsis Solutions is already the largest provider of KYC services to blockchain and cryptocurrency based projects in Asia Pacific, the company has launched an initial coin offering (ICO) program via a subsidiary called traceto.io. This new entity seeks to expand its decentralized platform… Read More

Payments & KYC Platform Acuity Partners with Fintech Lemon Way to Flag High Risk Customers

Accuity, a financial crime compliance, payments and know- your-customer (KYC) platform, has partnered with France-based Fintech Lemon Way, to help flag potentially high-risk customers. Lemon Way has decided to utilize Accuity’s  Firco Compliance Link, a solution which will enable the business to streamline its financial… Read More

SelfKey Reports it has Partnered with Two Caribbean based Banks to Offer SelfKey Bank Accounts Marketplace [u]

SelfKey, a Blockchain based company that saw its initial coin offering sell out in just 11 minutes this past January, has revealed two new partnerships with a Dutch Antilles-based bank (Curaçao) and a Cayman Islands-based bank. According to the company, the agreement is to offer their… Read More

Co-Founder Rafael Cosman: TrustToken Is an Asset Tokenization Platform Backed by Real Assets that Democratize Access Both to Investment Opportunities & Capital

In late January, TrustToken, a global platform for tokenizing fiat currencies and real-world assets backed by Stanford-StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat-backed stablecoin to offer token-holders legally protected certificates of ownership of US Dollars. Co-founded by CTO Rafael Cosman, CEO… Read More

Tip of the Iceberg? Sentinel Chain KYC Process Had a Vulnerability & User Info was Leaked. This Could be a Bigger Problem

Sentinel Chain, a platform that is the midst of a token sale, announced last week that a vulnerability had been uncovered that exposed sensitive user info. Founder and CEO Roy Lai, posting on Medium, shared the problem to the Sentinel Chain community; “… one of… 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

SaftLaunch Struggles with tZero Initial Coin Offering Demand

tZero, a compliant securities token offering, is experiencing significant demand. While it is hard to quantify, we have been hearing chatter for some time now that SaftLaunch, the issuing platform, has struggled to manage all of the inbound requests legitimate and otherwise. In a letter… Read More

Having Topped $15 Million in “Pre-Public Sale”, SelfKey to Launch Public ICO on January 14th

Blockchain based identity firm SelfKey has shared that its Pre-Public Sale hit its cap of $15.84 million four days before the scheduled closing date. The public initial coin offering (ICO), is scheduled to kick off on January 14th at 12AM UTC. If you are are… Read More

Malaysia Issues Consultation Paper on Regulating Cryptocurrencies

The central bank of Indonesia, Bank Negara Malaysia,  has published a consultation report on regulating Bitcoin and other cryptocurrencies. The action by the Bank comes at a time when popular interest in Bitcoin is increasing due to the dramatic rise in price and the addition… Read More

SelfKey Digital Identity Firm Tops $5 Million in Private Pre-sales, Public Pre-Sale ICO Kicks Off on December 15th

SelfKey, a “self sovereign identity” firm, has just completed a pre-sale of KEY tokens raising $5 million. Now SelfKey is preparing to launch its public Initial Coin Offering (ICO) on December 15th. The token sale has a hard cap of US$21.78 million. The SelfKey white… Read More

Blockchain Startup Pundi X Launches KYC Process In Order To Vet ICO Investors

Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of cashless payment environments across South East Asia, announced on Monday the launch of its Know Your Customer (KYC) process to whitelist investors in preparation for its public Initial Coin Offering (ICO). Investors who… Read More

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