Tagged: sars

FATF List of Cryptocurrency Service Red Flags to Help Standardize how Jurisdictions Track Illicit Transactions, Chainalysis Says

The Financial Action Task Force (FATF) recently published a document for regulatory authorities and enforcement agencies. The FATF listed several different “red flags” in cryptocurrency transfers and service user profiles that may indicate that the entities involved in the transactions are engaging in money laundering,… Read More

FinCEN Director: Agency Receiving 1500 Reports of Suspicious Transactions Involving Cryptocurrencies Per Month

FinCEN Director Kenneth A. Blanco told an audience at the  NYU Law Program on Corporate Compliance and Enforcement earlier this month that his agency is receiving 1500 reports of suspicious transactions involving cryptocurrencies per month- 500 more than it receives regarding regular transactions. Blanco has… Read More

Commissioner: South African Crypto Traders Under Tax Authority’s Radar

The commissioner of the South African Revenue Service (SARS) told attendees at an auditors’ conference in Sandton this week that SARS is stepping up efforts to identify crypto traders and collect related taxes, FIN24 reports. “The key thing is identifying people who are trading because… Read More

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